Many stocks that report earnings next week typically beat Wall Street expectations. About 7% of the S&P 500 companies have reported fourth-quarter results so far, and the overall growth rate is about 61%. All told, fourth-quarter earnings are expected to grow about 12%. Banks including JPMorgan Chase, Goldman Sachs and Wells Fargo all beat analysts’ consensus expectations on Wednesday, kicking off earnings season on a solid note. With a focus on corporate profits, CNBC Pro used earnings data from Bespoke Investment Group to find stocks that have historically beaten analyst estimates and subsequently risen in price, using the following criteria: Beating EPS estimates 70% of the time, or historically See, Intuitive Surgical rises 1% or more on the first trading day after earnings, because 83% of the time historically the company has reported better-than-expected earnings, causing the stock to rise nearly 3% on the following trading day. Shares of the medical device maker have risen 60% over the past year. ISRG 1Y mountain Intuitive Surgical’s stock over the past year. Intuitive Surgical will report fourth-quarter results on January 23. Software company ServiceNow also appears on the screen. As of Wednesday’s close, the stock has surged nearly 45% in the past year. The cloud-based platform that manages enterprise workflows has a track record of beating profit forecasts 94% of the time. Its shares typically rise more than 3% on the second trading day. NOW 1Y mountain ServiceNow Inventory for the past year. ServiceNow is scheduled to report fourth-quarter results on January 29, and analysts polled by FactSet forecast earnings of $3.65 per share on revenue of $2.96 billion.
These companies report earnings next week that historically beat profit expectations | Real Time Headlines
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