Investors may want to watch out for several companies set to report financial results in coming days. The first full week of earnings kicked off earlier this week, with results from some of the biggest banks on Monday and Tuesday. The week continues with United Airlines set to report postmarket on Wednesday and Netflix on Thursday. As earnings season heads into next week, CNBC searched for some stocks that are positioned for a possible earnings “blow-ups” We scanned for companies reporting next week that have seen 10 or more downward revisions in earnings estimates in the past three months, an average earnings per share estimate that’s down 5% or more in the past three and the past six months and an average analyst price target that’s fallen 5% or more over three months. Here are the stocks that made the list: One of those with the most EPS revisions in the past three months is Starbucks , which has seen analyst cut their numbers 43 times. Its estimated EPS for the current quarter has fallen more than 16% to 94 cents a share. The coffee chain has seen a similar 16.5% decline in its price target among analysts in the past three months as well. The stock has been under pressure during this stretch, dropping 11.6% in the past three months as of Tuesday’s close. In all of 2024, Starbucks is down more than 21% year-to-date. This comes as the company has begun launching value deals such as a $5 food and beverage combo option to attract customers. Starbucks is expected to release fiscal third-quarter results on July 25. Southwest Airlines made the list after receiving 28 downward EPS revisions, resulting in a consensus estimate that fell 35.1% in the three-month period. Earnings are currently estimated at 52 cents per share in the quarter just ended. Shares of the Dallas-based carrier are up about 2.4% in three months but down 0.6% in all of 2024. Earlier this month, activist investor Elliott Management told Southwest’s board that it would mount a proxy fight to oust CEO Bob Jordan and executive chairman Gary Kelly over the company’s lagging performance and lack of growth. Southwest is set to post second quarter results before the market opens on July 25. Last month, Charlotte-based steelmaker Nucor cut its second-quarter earnings guidance , a major factor behind analysts’ 21 earnings estimate cuts over the past three months. Nucor’s earnings for the latest quarter are now estimated at $2.53 per share, or about a 30% decline in what analysts had been estimating in April. Shares in Nucor, which uses electric arc furnaces to melt scrap steel to make new steel, are off about 13.5% in the past three months and down more than 4.5% year-to-date. The company is scheduled to release results after the market close on July 22. NUE 3M mountain Nucor, 3-month Other stocks that made the screen of possible earnings blowups were Old Dominion Freight Line , which saw 35 downward EPS revisions in the past three months, and Intel Corp. , which suffered the largest change in EPS estimates over the past three and six months, tumbling 56.5% and 74%, respectively.
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