Updated Earnings Expectations and Panic Points for the Portfolio’s Holdings
We've refreshed our table of consensus EPS, price targets and panic levels.
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We begin this latest compressed week for U.S. equity markets by updating our table that shows a snapshot of calendar 2024 and 2025 consensus EPS expectations for our portfolio holdings. Coming off last week’s big bank earnings and those from Taiwan Semiconductor TSM, we expected to see more movement in EPS expectations than we did, but then again, it’s not often that Wall Street analysts look to get ahead of upcoming earnings reports. We also have a few updates on panic points and revisions to recommended pick-up points for the portfolio’s positions.
Consensus EPS Changes
Alongside last week’s climb in shares of Lockheed Martin LMT, the Wall Street consensus earnings estimate for 2024 was lifted to $26.92 from $26.78, and for 2025 moved up to $27.93 from $27.81.
Meta Platforms META saw its 2024 and 2025 EPS consensus estimates upped by a nickel for each year, putting 2024 at $22.65 and $25.35. That still tracks for double-digit EPS growth this year.
Marvell Technology MRVL had its consenus 2024 EPS figure pushed up by a nickel, landing it at $1.56. So far, no changes to the consensus figure for this year, but that could change as Big Tech companies share their 2025 capital spending forecasts.
Coming off last week’s December-quarter earnings report that led us to up our price target on Morgan Stanley MS to $145, consensus EPS estiumates for the bank moved higher as well. The figure for 2024 was bumped up to $7.95 from $7.39, but with the earnings report for the last quarter of 2024 in hand, we’re more focused on expectations for this year. They were increased to $8.68 from $8.12.
Panic Point Adjustments
We’re increasing our panic points as follows:
American Express AXP is reset at $260, and we’ll revisit it again following the company’s earnings report this Friday.
Applied Materials AMAT goes to $160 from $155.
Our panic point for Alphabet GOOGL has been increased to $167 from $160.
We are also upping our panic point on Marvell shares to $95 from $88, being mindful of the gap we see in the chart.
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At the time of publication, TheStreet Pro Portfolio was long LMT, MRVL, META, MS, AXP, AMAT and GOOGL.
