Investors may want to watch out for several companies set to report financial results in coming days. The first full week of earnings kicked off earlier this week, with results from some of the biggest banks on Monday and Tuesday. The week continues with United Airlines set to report postmarket on Wednesday and Netflix on Thursday.
As earnings season heads into next week, CNBC searched for some stocks that are positioned for a possible earnings "blow-ups" We scanned for companies reporting next week that have seen 10 or more downward revisions in earnings estimates in the past three months, an average earnings per share estimate that's down 5% or more in the past three and the past six months and an average analyst price target that's fallen 5% or more over three months. Here are the stocks that made the list: One of those with the most EPS revisions in the past three months is Starbucks , which has seen analyst cut their numbers 43 times. Its estimated EPS for the current quarter has fallen more than 16% to 94 cents a share.
The coffee chain has seen a similar 16.5% decline in its price target among analysts in the past three months as well. The stock has been under pressure during this stretch, dropping 11.
6% in the past three months as of Tuesday's close. In all of 2024, Starbucks is down more than 21% year-to-date. This comes as the company has begun launching value deals such as a $5 food and beverage combo option to attract customers.
Starbucks is expected to release fi.