These companies reporting next week historically beat earnings estimates

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These companies reporting next week historically beat earnings estimates

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, Meta Platforms and Tesla are just a few of the headliners slated to release financials. Earnings from Humana , Comcast , Chubb , Visa and Chipotle will give investors more insight on the health of U.S. consumers. A company’s earnings results are, of course, integral to both its near- and long-term performance. Results that surprise to the upside often push shares higher, while stocks that miss estimates are in danger of a pullback. As a result, CNPC Pro screened stocks slated to report their earnings next week for those that have a history of beating analysts’ expectations. The following stocks have all topped their earnings forecasts with at least a 75% success rate. They’ve also all averaged a subsequent post-earnings day gain of 2% or more, according to data from Bespoke Investment Group. Magnificent 7 cohort member Meta has topped earnings estimates 87% of the time. The

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parent is slated to next announce its quarterly earnings after Wednesday’s stock market close. Traditionally, the company’s stock has risen 2.3% on average within a day of its earnings announcement. Shares of Meta have soared 40% so far this year, through Wednesday, after almost tripling in 2023. Earlier this month, JPMorgan and Citi both reiterated Meta as a top stock pick, while Piper Sandler stood by an overweight rating on the stock. “******* picture, with the broader online advertising environment strengthening and Meta’s multi-year product strategy continuing to come into focus, Meta ******** our Top-Pick and we are raising our projections and PT to $590,” Citi wrote. Another name on the list is ServiceNow , also slated to release quarterly earnings after Wednesday’s closing bell. The workflow automation platform beats earnings expectations 89% of the time. Shares of ServiceNow have historically risen 3.3% after posting its earnings, and have gained more than 4% this year after soaring 82% in 2023. Cloud software provider Five9 is the most consistent earnings outperformer on the list, with a record of beating estimates 98% of the time. To date, Five9 has plunged 28% this year, but the company’s shares have risen an average of 4.0% following earnings. Five9 is slated to report its earnings next Thursday. Despite its underperformance, Baird in March named the stock its top pick among communications software businesses. “FIVN ******** our top [unified communications] idea, and we like the risk/reward at current levels,” wrote analyst William Power. The analyst’s $90 price target implies shares could rally 58% in the next year, based on Wednesday’s close. — CNBC’s Robert Hum and Fred Imbert contributed to this report.

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Investment strategy,Stock markets,S&P 500 Index,Dow Jones Industrial Average,Alphabet Inc,

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Corp,Meta Platforms Inc,Tesla Inc,Humana Inc,Comcast Corp,Chubb Ltd,Chubb Ltd,Visa Inc,Chipotle ******** Grill Inc,ServiceNow Inc,Five9 Inc,Earnings,Citi Trends Inc,******* States,Piper Jaffray Companies,CNBC Magnificent 7 Index,JPMORGAN DRN,business news
#companies #reporting #week #historically #beat #earnings #estimates

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