The Zacks Analyst Blog Parker-Hannifin, Curtiss-Wright, Ingersoll Rand, Leidos and Mastercard

For Immediate ReleasesChicago, IL – October 28, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Parker-Hannifin Corp. PH, Curtiss-Wright Corp. CW, Ingersoll Rand Inc. IR, Leidos Holdings Inc. LDOS and Mastercard Inc. MA.Here are highlights from Monday’s Analyst Blog:Buy 5 Giant "Old Economy" Stocks Poised to Beat Earnings This WeekWe are in the initial stage of the third-quarter 2024 earnings season. So far, the results have come in line with expectations. Market participants are closely monitoring the third-quarter results to draw conclusions on the health of the U.S. economy.Several U.S. corporate behemoths will report next week. The major concentration of market participants’ will be on six of the “Magnificent 7” stocks that will report their quarterly financial numbers. Apart from this next-generation investors’ darling of Wall Street, a handful of big old economy stocks will also report earnings results next week.Investment in these old economy stocks that are set to beat on earnings with a favorable Zacks Rank are expected to see their stock prices moving northward in the near term. Five such stocks are — Parker-Hannifin Corp., Curtiss-Wright Corp., Ingersoll Rand Inc., Leidos Holdings Inc.  and Mastercard Inc.Third-Quarter Earnings Season at a GlanceAs of Oct. 23, 120 companies of the broad-market index — the S&P 500 — have reported their quarterly financial numbers. Total earnings of these companies are up 1.9% year over year on 4.2% higher revenues, with 79.2% beating earnings per share (EPS) estimates and 63.3% beating revenue estimates.Looking at the third quarter as a whole, total earnings for the S&P 500 Index are expected to be up 3% from the same period last year on 4.9% higher revenues. This follows 10.2% year-over-year EPS growth on 5.5% higher revenues in the previous quarter.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.5 Old Economy Stocks to Buy Ahead of Earnings ResultsWe have narrowed our search to five large-cap old economy stocks set to report earnings results this month. Each of these stocks carries a Zacks Rank #2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better (Rank #1 or 2) and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Parker-Hannifin Corp.Parker-Hannifin is benefiting from steady demand in the commercial and military end markets across both OEM and aftermarket channels. Synergies from the Meggitt buyout are clearly helping PH. The Win strategy is driving its margins and allowing it to continue returning value to shareholders. PH’s Aerospace Systems segment is benefiting from strong momentum in commercial and military end markets across both OEM and aftermarket channels.In the quarters ahead, the Aerospace Systems segment is poised to gain from strong demand for its products and aftermarket support services in the general aviation market, driven by growth in air transport activities. Strength in PH’s defense end market, owing to stable U.S. and international defense spending volumes, is also likely to be beneficial. PH expects the Aerospace Systems segment’s organic sales to increase 7-10% from the year-ago level in fiscal 2025. PH has an Earnings ESP of +0.83%. The company will report on Oct 31, before the opening bell.Strong Earnings Estimate Revisions for PH SharesFor first-quarter fiscal 2025, the Zacks Consensus Estimate currently shows revenues of $4.91 billion, suggesting an improvement of 1.2% year over year and earnings per share of $6.13, indicating an increase of 2.9% year over year. The company delivered positive earnings surprises in the last four reported quarters with the average beat being 11.2%.Moreover, Parker-Hannifin has witnessed positive earnings estimate revisions for 2024 in the last 30 days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 3.5% and 4.9%, respectively, for revenues and EPS in fiscal 2025 (ending June 2025). The current Zacks Consensus Estimate for fiscal 2026 revenues and EPS reflects an upside of 5.6% and 10.2%, respectively.Curtiss-Wright Corp.Curtiss-Wright’s long-term growth opportunities in the global nuclear market remain solid. CW acquired Ultra Energy in June 2024 to further boost its footprint in the nuclear market. Looking ahead, CW expects to witness high-single-digit growth for its commercial nuclear market in 2024.Increasing demand for submarine programs, backed by funding from the U.S. administration is also benefiting CW, which holds a strong solvency position. CW has an Earnings ESP of +0.54%. The company will report on Oct 30, after the closing bell.CW Stock’s Earnings Estimate Revisions on the RiseFor third-quarter 2024, the Zacks Consensus Estimate currently shows revenues of $756 million, suggesting an improvement of 4.4% year over year and earnings per share of $2.70, indicating an increase of 6.3% year over year. The company pulled off positive earnings surprises in the last four reported quarters with the average beat being 11.5%.Moreover, Curtiss-Wright has witnessed positive earnings estimate revisions for 2024 in the last 30 days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 7.1% and 12.7%, respectively, for revenues and EPS in 2024. The current Zacks Consensus Estimate for 2025 revenues and EPS reflects an upside of 5.1% and 7.6%, respectively.Ingersoll Rand Inc.Ingersoll Rand is set to gain from a healthy demand environment and innovation capabilities. Higher orders for industrial vacuums and blowers are driving the growth of IR’s Industrial Technologies & Services unit. Growth in short-cycle orders is aiding IR’s Precision and Science Technologies segment. Benefits from acquired assets are driving the segment’s performance.Ingersoll Rand has been making continued investments to support growth in demand generation and the Industrial IoT. The company has been investing in IR digital and other IT-related platforms. IR’s solid product portfolio, innovation capabilities and focus on boosting aftermarket businesses are the other tailwinds. IR has an Earnings ESP of +1.22%. The company will report on Oct 31, after the closing bell.Solid Earnings Estimate Revisions for IR SharesFor third-quarter 2024, the Zacks Consensus Estimate currently shows revenues of $1.88 billion, suggesting an improvement of 7.9% year over year and earnings per share of $0.82, indicating an increase of 6.5% year over year. The company delivered positive earnings surprises in the last four reported quarters with the average beat being 11%.Moreover, Ingersoll Rand has witnessed positive earnings estimate revisions for 2024 in the last 30 days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 7% and 12.5%, respectively, for revenues and EPS in 2024. The current Zacks Consensus Estimate for 2025 revenues and EPS reflects an upside of 7.2% and 7.9%, respectively.Leidos Holdings Inc.Leidos Holdings’ cost-effective defense solutions continue to witness increased contract wins from the Pentagon and other U.S. allies, which led to a solid backlog of $36.49 billion at the end of June 2024. Such a solid backlog bolsters LDOS’ revenue growth prospects. An impressive U.S. defense budget is another major growth driver for LDOS.The macroeconomic environment in the nation has been boosting the growth prospects of LDOS, given the widespread geopolitical uncertainty along with the U.S. administration’s inclination toward increased defense spending. Such encouraging spending provisions by the U.S. administration are expected to significantly boost the growth prospects of defense primes. LDOS has an Earnings ESP of +2.78%. The company will report on Oct 29, before the opening bell.Impressive Earnings Estimate Revisions for LDOS SharesFor third-quarter 2024, the Zacks Consensus Estimate currently shows revenues of $4.04 million, suggesting an improvement of 3.2% year over year and earnings per share of $1.96, indicating a decrease of 3.5% year over year. The company delivered positive earnings surprises in the last four reported quarters with the average beat being 23.5%.Moreover, Leidos Holdings has witnessed positive earnings estimate revisions for 2024 in the last 30 days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 5.4% and 22.7%, respectively, for revenues and EPS in 2024. The current Zacks Consensus Estimate for 2025 revenues and EPS reflects an upside of 4.3% and 5.2%, respectively.Mastercard Inc.Mastercard has benefited from numerous acquisitions, which helped it to grow addressable markets and drive new revenue streams. The accelerated adoption of digital and contactless solutions is providing an opportunity for MA’s business to expedite its shift to the digital mode.MA has shown consistent revenue growth of 18% in 2022, 12.9% in 2023, and 10.7% in the first half of 2024 on the back of increased consumer spending, card usage and cross-border transactions. MA’s strong market position, new deals and expanding services support sustained growth. Strong cash flow supports Mastercard’s growth initiatives and enables shareholder value-boosting efforts through share repurchases and dividends. MA has an Earnings ESP of +0.94%. The company will report on Oct. 31, before the opening bell.Excellent Earnings Estimate Revisions for MA SharesFor third-quarter 2024, the Zacks Consensus Estimate currently shows revenues of $7.25 billion, suggesting an improvement of 11% year over year and EPS of $3.73, indicating an increase of 10% year over year. The company pulled off positive earnings surprises in the last four reported quarters with the average beat being 3.5%.Moreover, Mastercard has witnessed positive earnings estimate revisions for 2024 in the last seven days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 11.3% and 16.8%, respectively, for revenues and EPS in 2024. The current Zacks Consensus Estimate for 2025 revenues and EPS reflects an upside of 12.2% and 16%, respectively.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                     https://www.zacks.com                                                Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Ingersoll Rand Inc. (IR): Free Stock Analysis Report Curtiss-Wright Corporation (CW): Free Stock Analysis Report Leidos Holdings, Inc. (LDOS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks