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As we gear up for the busiest week of earnings season, where a third of the S&P 500 companies are set to report their quarterly results, it’s essential to identify opportunities for potential gains.
Bespoke Investment Group recently screened for companies reporting next week that have historically beaten consensus analyst estimates at least 75% of the time and have seen an average gain of 1.5% the day of or following their earnings release.
Among the companies that made the cut are some big names like Meta, Mastercard, and Steve Madden. Meta, the parent company of Facebook, has outperformed earnings expectations 88% of the time, with an average daily jump of 2% following its quarterly report. Analysts at Oppenheimer have reiterated their outperform rating on Meta shares, noting the recent de-risking of the stock due to China tariff risks and concerns about TikTok.
Mastercard, with a 94% beat rate and an average one-day post-earnings return of 1.7%, is also slated to report results next week. While Bank of America recently downgraded the stock, the majority of analysts still rate it as a buy or a strong buy, with forecasted upside potential of 19%.
Shoe brand Steve Madden has historically topped earnings expectations around three-quarters of the time, with shares typically advancing 1.7% the day following its quarterly earnings announcement. However, analysts suggest that further gains may be limited, with a consensus price target indicating just 2.3% upside potential.
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