SPXNYSE: SPXC

The S&P 500 index is widely used as a barometer of the U.S. stock market. It tracks the performance of the 500 largest publicly traded companies.

Does SPX Technologies (SPXC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Shares of SPX Technologies (SPXC) have begun to rise and could potentially continue to climb in the short term, as suggested by strong revisions to earnings estimates.

SPX Technologies, Inc. (NYSE:SPXC ) Q1 2024 Earnings Conference Call on May 2, 2024 at 4:45 PM ET. Company representatives include Paul Clegg, Gene Lowe, and Mark Carano. Conference call participants include Bryan Blair, Damian Karas, Ross Sparenblek, Steve Ferazani, and Walter Liptak. Thank you for joining the Q1 2024 SPX Technologies Earnings Conference Call.

Although the financial results for SPX Technologies (SPXC) in the quarter ending March 2024 provide an overview of the company's performance, it may be beneficial to analyze how certain key metrics stack up against Wall Street projections and the same period last year.

SPX Technologies (SPXC) reported earnings of $1.25 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.06 per share. This is an increase from earnings of $0.93 per share in the same quarter last year.

SPX Technologies (SPXC) has the perfect mix of factors for a potential earnings beat in its upcoming report. Be ready with the important expectations.

SPX Technologies (NYSE:SPXC) stated today that it will report its financial results for the first quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, May 2, 2024.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.