3 Late-Season Earnings Plays for Mid-Cap Traders

Wed., May 31, 2023 | MarketBeat Staff

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.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Ciena (CIEN)	3.1141 of 5 stars	$45.95	-2.5%	N/A	31.05	Moderate Buy	$61.35
THOR Industries (THO)	2.1211 of 5 stars	$92.86	-2.1%	1.94%	13.36	Hold	$92.00
KB Home (KBH)	2.4736 of 5 stars	$45.47	-1.9%	1.76%	5.94	Moderate Buy	$52.29
Urban Outfitters (URBN)	2.4524 of 5 stars	$31.96	+0.7%	N/A	13.32	Hold	$35.92
e.l.f. Beauty (ELF)	2.5752 of 5 stars	$109.29	+2.3%	N/A	61.75	Moderate Buy	$126.55
(IHS) (IHS)	1.7006 of 5 stars	$5.21	+0.8%	N/A	-1.12	Buy	$18.17
StepStone Group (STEP)	1.6592 of 5 stars	$30.89	-0.7%	2.72%	147.10	Hold	$32.00

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Stock Market Update 9/25/23 | Beware the PCE Price Index Report this Week

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3 Late-Season Earnings Plays for Mid-Cap Traders

Key Points

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