3 Buy-Rated Companies Posting Record Sales

Core Viewpoint - The earnings season has shown positive results across various companies, alleviating concerns over potential earnings declines, with notable performances from Arista Networks, Netflix, and DICK's Sporting Goods [1]. Group 1: Arista Networks - Arista Networks specializes in cloud networking solutions for data centers and cloud computing, currently holding a Zacks Rank 1 (Strong Buy) with earnings expectations up 24% year-over-year to $7.92 per share, indicating a 14% increase [2]. - The latest earnings report revealed an EPS of $1.99 and sales of $1.6 billion, reflecting growth rates of 40% and 16% respectively [2]. - The stock has seen a significant increase, gaining nearly 30% in just over a month [4]. Group 2: Netflix - Netflix reported a 17% earnings beat compared to the Zacks Consensus EPS estimate, with sales growth of 83% and a 15% increase in revenue [4]. - The subscriber base grew by 16% year-over-year, benefiting from the company's password-sharing crackdown [4]. - Earnings expectations have risen post-release, with a Zacks Rank 1 (Strong Buy) and a projected 52% earnings growth alongside a 15% increase in sales for the current fiscal year [6][8]. Group 3: DICK's Sporting Goods - DICK's Sporting Goods achieved record sales of $3.9 billion in its latest period, marking an 8% year-over-year increase [9]. - The company announced a 10% increase in its dividend payout, raising the quarterly total to $1.10 per share, resulting in an annual yield of 2.3%, significantly above the Zacks Retail sector average of 0.9% [11].