Zacks Forecasts Triple-Digit Q3 Earnings Growth at Three Companies
Consensus estimates point to sharp year-over-year earnings growth at Chime Financial, Marqeta and Kronos Worldwide, with estimates recently revised higher.
Key takeaways
- Zacks estimates Chime's Q3 earnings at 8 cents per share, up 153.3% year over year.
- Marqeta's Q3 earnings estimate is 7 cents per share, a 275% increase year over year.
- Kronos Worldwide's Q3 earnings estimate is 16 cents per share, up 188.9% year over year.
Zacks consensus estimates project third-quarter earnings growth of more than 100% year over year for Chime Financial, Marqeta and Kronos Worldwide. The estimates are 8 cents, 7 cents and 16 cents per share, respectively.
Chime’s estimate implies 153.3% growth and has risen 60% over the past 60 days, according to Zacks. The company raised its third-quarter revenue guidance to $705 million and adjusted EBITDA guidance to $117 million to $120 million. It is scheduled to report results on Nov. 4.
For Marqeta, Zacks’ 7-cent estimate represents 275% year-over-year growth and is up 40% over the past 60 days. The company expects third-quarter revenue growth of 6% to 8%, gross profit growth of 5% to 7%, and adjusted EBITDA growth of 20% to 25%. Its results are due Nov. 3.
Kronos Worldwide’s 16-cent estimate implies 188.9% growth, with estimates up 128.6% over the past 60 days. The company said a favorable backlog entering the third quarter improved production flexibility and that it expects 2026 sales to exceed 2025 levels. It is expected to report third-quarter results shortly.
The broader Zacks Earnings Preview forecast S&P 500 earnings growth of 24.6% on revenue growth of 11.6% for the quarter. It also projected year-over-year earnings growth in 15 of the 16 Zacks sectors.
This article was produced with the help of AI technology. Source: Yahoo Finance
