These stocks with earnings next week historically top expectations

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These stocks with earnings next week historically top expectations

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parent Alphabet. Earlier this month, Bank of America named HubSpot one of its favorites within the customer relationship management and infrastructure sectors. Shares have advanced almost 10% this year through Thursday, after more than doubling in 2023. The average analyst polled by LSEG, with a buy rating, anticipates the stock adding another 10.3% over the next year. Wingstop , which reports May 2, is a consumer discretionary name on the Bespoke screen. The restaurant chain has topped forecasts for earnings per share 77% of the time, with an average advance following earnings of 3.75%. The Texas-based company’s stock has surged more than 44% in 2024, adding to last year’s 86% gain. But Wall Street anticipates shares pulling back a little more than 4% in the next 12 months, according to LSEG. While the majority of analysts have hold ratings, Stephens’ Jim Salera came out earlier this month with an overweight rating ahead of Wingstop’s earnings. He said it offers a “scarcity” play as one of the few restaurant stocks offering same-store sales growth and exposure to the chicken trend, which can help justify the premium valuation. “Across our restaurant coverage, we believe that WING has perhaps the most unique and attractive growth story,” he wrote to clients. “The brand has delivered robust increases in [average unit volume], driven by a revamped marketing playbook and favorable shifts in consumer consumption trends away from beef and towards poultry.” Booking Holdings also made the Bespoke list, exceeding Street predictions for earnings per share 90% of the time and climbing about 2.1% following a typical report. The Booking.com parent is off about 1% this year after soaring 76% in 2023. But analysts expect a rebound ahead, with the average price target implying Booking shares can climb more than 13%, per LSEG. The majority of analysts have a buy rating on the stock, which also releases earnings May 2. One of those analysts is Trevor Young of Barclays, who said he still prefers the stock and has an overweight rating despite lower growth prospects this year. While he said Booking is “out of favor,” Barclays sees “some of these dynamics reversing and remain most constructive” on the stock.

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Booking Holdings Inc,Wingstop Inc,HubSpot Inc,S&P 500 Index,Earnings,FactSet Research Systems Inc,Stock markets,Investment strategy,business news
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