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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.
  • 5 stocks we like better than Ciena.

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Should you invest $1,000 in Ciena right now?

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While Ciena currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Ciena (CIEN)
4.4517 of 5 stars		$87.38+1.9%N/A92.96Moderate Buy$77.00
THOR Industries (THO)
4.6362 of 5 stars		$97.26+1.0%2.06%24.87Hold$112.33
KB Home (KBH)
4.61 of 5 stars		$65.86+0.1%1.52%8.44Hold$79.17
Urban Outfitters (URBN)
4.0138 of 5 stars		$55.09+2.5%N/A15.79Hold$46.27
e.l.f. Beauty (ELF)
4.6772 of 5 stars		$128.66-0.3%N/A69.55Moderate Buy$171.82
(IHS) (IHS)
2.0488 of 5 stars		$3.23+4.9%N/A-0.46Moderate Buy$7.30
StepStone Group (STEP)
3.9323 of 5 stars		$58.12-0.4%1.65%96.87Hold$66.64
Compare These Stocks  Add These Stocks to My Watchlist 


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