Companies

4 Business Service Stocks to Watch for Positive Earnings Surprises

Published May 3, 2024

As earnings season gets into full swing, investors are eyeing the business service sector for companies that are poised to surpass market expectations. In this context, we have identified four noteworthy stocks that appear primed for potential earnings outperformance. These include Arm Holdings plc ARM, AppLovin Corporation APP, Maximus, Inc. MMS, and Envestnet, Inc. ENV. Each company stands out within its specific niche in the business service sector, and they exhibit characteristics that could translate into positive earnings results.

AppLovin Corporation - APP

APP, headquartered in Palo Alto, California, provides innovative solutions for mobile app developers through a sophisticated software-based platform. This platform aids developers in enhancing the marketing reach and monetization potential of their applications on a global scale. Given the booming demand for mobile apps and the consistent need for robust marketing avenues, APP is well-positioned to potentially exceed earnings estimates.

Maximus, Inc. - MMS

MMS, based out of Reston, Virginia, specializes in delivering Business Process Services (BPS) tailored to government health and human services agencies globally. Their deep integration within essential government programs places MMS in a strategic position to outperform the market's earnings expectations, especially considering the growing reliance on public health services.

Arm Holdings plc - ARM

The renowned technology firm, Arm Holdings ARM, is known for its CPU designs and technology licenses that are foundational to a vast array of semiconductor products. The company's pervasive influence in the technology sector and its crucial role in powering an expansive range of hardware underpin its strong earnings potential.

Envestnet, Inc. - ENV

ENV, with its headquarters in Chicago, Illinois, is at the forefront of delivering comprehensive wealth management software and services in both the U.S. and international markets. The increasing need for sophisticated wealth management solutions offers ENV a promising trajectory for surpassing earnings estimates this season.

earnings, stocks, services