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3 Late-Season Earnings Plays for Mid-Cap Traders

Written by MarketBeat Staff
May 31, 2023

Key Points

  • In the mid-cap space, corporate earnings have been extraordinarily balanced between positive and negative surprises.
  • Ciena Corp. has delivered two huge earnings beats the last two times out.
  • The $1.10 consensus EPS target for Thor Industries implies that earnings will more than double from the previous quarter.
  • Given the recent tailwinds and Q1 beat, Wall Street's forecasts for KB Home's Q2 earnings seem overly pessimistic.
  • Five stocks we like better than Ciena.
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Ciena (CIEN)
4.761 of 5 stars		$62.75-4.6%N/A110.08Moderate Buy$81.38
THOR Industries (THO)
4.5024 of 5 stars		$80.77+0.9%2.48%20.66Hold$93.00
KB Home (KBH)
4.8904 of 5 stars		$59.29+0.3%1.69%7.00Hold$71.21
Urban Outfitters (URBN)
4.0625 of 5 stars		$51.82-1.5%N/A14.85Hold$56.00
e.l.f. Beauty (ELF)
4.6641 of 5 stars		$65.04+0.9%N/A38.49Moderate Buy$132.65
(IHS) (IHS)
1.5469 of 5 stars		$5.36+74.4%N/A-0.76Moderate Buy$7.60
StepStone Group (STEP)
3.5713 of 5 stars		$53.96-2.5%1.78%-31.93Hold$69.21
Compare These Stocks  Add These Stocks to My Watchlist 

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