Equifax (EFX) is set to release its third-quarter 2024 earnings on October 16th, after market close. Analysts predict strong revenue growth and earnings, fueled by robust performance across its segments. The company has a history of exceeding earnings expectations, and our model indicates a high likelihood of another beat this quarter. We also highlight other top-performing stocks in the business services sector.
Fastenal, a leading distributor of industrial and construction supplies, reported a slight revenue increase for the third quarter of 2024. While the company met earnings expectations, a closer look at key metrics reveals mixed signals for investors. While revenue grew, some performance indicators fell short of analyst estimates, raising questions about the company’s future trajectory.
Steel Dynamics, Inc. (STLD) has announced its earnings guidance for the third quarter of 2024, projecting earnings per share in the range of $1.94 to $1.98. This represents a decline from the company’s second-quarter earnings and third-quarter 2023 results. The decline is primarily attributed to reduced pricing in the flat rolled steel operations.
KITS Eyecare Ltd. has announced an upward revision to its Q3 2024 revenue guidance, exceeding the previously projected range of $39 million to $41 million. This revision follows a record-breaking week of sales, reaching approximately $3.5 million for the week ending August 31, 2024. The company attributes this strong performance to increased demand and improved operational efficiency.
Lam Research Corporation (NASDAQ: LRCX) reported impressive financial results for the third quarter of 2024, beating analyst estimates for both earnings per share (EPS) and revenue. The company reported an EPS of $7.79, exceeding the consensus estimate of $7.29 by a significant margin of $0.50. Revenue for the quarter reached $3.79 billion, surpassing the consensus estimate of $3.72 billion. Lam Research also provided guidance for the fourth quarter of 2024, projecting revenue between $3.50 billion and $4.10 billion, slightly below the analyst consensus of $3.77 billion.
