Wall Street’s Q2 earnings season gathers momentum as the biggest names in the world get set to report their latest results.
Using the InvestingPro stock screener, I identified several under-the-radar AI-linked companies that are poised to deliver explosive profit and sales growth.
As such, here are three stocks worth owning ahead of their quarterly reports in the weeks ahead.
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The second-quarter earnings season on Wall Street gathers momentum this week, with some of the biggest names in the world set to report their latest financial results.
While most of the focus will be on the mega-cap technology stocks yet to report, like Microsoft (NASDAQ:), Meta Platforms (NASDAQ:), Apple (NASDAQ:), and Amazon (NASDAQ:), I identified several fast-growing names set to enjoy robust earnings and sales growth using the InvestingPro Stock Screener.
Source: InvestingPro
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Here’s a closer look at why these under-the-radar AI stocks are set for remarkable growth.
1. Coinbase
Earnings Report Date: August 1
EPS Growth Estimate: +1,781.6% Y/Y
Revenue Growth Estimate: +94.2% Y/Y
Coinbase (NASDAQ:), which is widely considered the leading cryptocurrency exchange for buying and selling and other tokens, has been leveraging AI to enhance its trading platform, improving fraud detection, and provide more personalized customer experiences. These AI-driven improvements have significantly boosted the company’s operational efficiency and profitability.
Analyst Upgrades:
Coinbase is scheduled to deliver its second-quarter earnings and revenue update on Thursday, August 1. InvestingPro data reveals that five of the seven analysts surveyed have…
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