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Zacks Investment Ideas feature highlights: Nvidia, Intuit, Workday and Booz Allen

Zacks Equity Research
·4-min read

For Immediate Release

Chicago, IL – May 23, 2024 – Today, Zacks Investment Ideas feature highlights Nvidia NVDA, Intuit INTU, Workday WDAY and Booz Allen Hamilton BAH.

3 Intriguing Stocks to Watch as Earnings Approach

With investors enjoying another blowout quarter from Nvidia, they may want to scope out a few other top-rated Zacks stocks that will be rounding out this week's earnings lineup.

Like Nvidia, these companies are expected to post considerable quarterly growth on their top and bottom lines which certainly makes them worthy of investors' consideration.

Intuit

Financial software company Intuit will be reporting its fiscal third quarter results on Thursday with Q3 earnings expected to rise 5% to $9.34 per share and sales projected to spike 10% to $6.63 billion.

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AI-driven service assistance has been a further catalyst for the company’s popular finance products including Credit Karma and TurboTax. Furthermore, Intuit’s Zacks Computer-Software Industry is currently in the top 18% of over 250 Zacks industries.

Workday

Workday is another software company to keep an eye on and will be reporting its Q1 results on Thursday. Notably, Workday's Zacks Internet-Software Industry is in the top 23% of all Zacks industries and subscription growth for its financial management and human resource solutions is compelling. Subscription services revenue is expected at $1.8 billion compared to $1.5 billion in Q1 2023.

Overall, Workday's Q1 sales are thought to have increased 17% to $1.97 billion with earnings projected to soar 20% to $1.57 per share versus EPS of $1.31 in the comparative quarter.

Booz Allen Hamilton

Rounding out the list, Booz Allen Hamilton’s technology consulting services and cyber expertise appear to be in high demand. Offering its critical solutions to the United States government and international governments, it's noteworthy that Booz Allen Hamilton’s Zacks Government Services Industry is among the top 5 percentile at the moment.

Set to report its fiscal fourth quarter earnings on Friday, Booz Allen Hamilton’s Q4 EPS is slated to soar 21% to $1.22 compared to $1.01 a share in the prior-year quarter. Top line estimates call for 12% sales growth at $2.72 billion versus $2.43 billion a year ago.

Bottom Line

As beneficiaries of strong business industries, Intuit, Workday, and Booz Allen Hamilton's stock all sport a Zacks Rank #2 (Buy) ahead of their quarterly reports. The expansion of these technology companies is very intriguing making them three stocks to keep an eye on this week outside of Nvidia.

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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.

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NVIDIA Corporation (NVDA) : Free Stock Analysis Report

Intuit Inc. (INTU) : Free Stock Analysis Report

Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report

Workday, Inc. (WDAY) : Free Stock Analysis Report

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Zacks Investment Research