Welcome to Extreme Investor Network, where we provide you with unique insights and valuable information to elevate your investing game. Today, we’re diving into the world of earnings reports and how certain stocks have historically outperformed Wall Street estimates, leading to significant gains for investors.
As we navigate through the current third-quarter earnings season, it’s crucial to identify companies that have a track record of beating analysts’ estimates and generating positive returns for shareholders. According to Bespoke Investment Group’s screening criteria, we’ve identified a few stand-out stocks that are poised to report earnings next week and have a strong history of outperformance.
One such company is Meta Platforms, the parent company of Facebook, which has seen its stock soar nearly 60% in 2024. With a track record of surpassing analysts’ estimates 88% of the time and averaging a gain of over 2% the day after reporting earnings, Meta Platforms is a company to watch. Analysts are bullish on Meta, with 85% maintaining a buy rating and consensus price targets suggesting an 8% upside in the coming year.
Another stellar performer is Mastercard, whose stock has climbed over 20% this year. With a stellar track record of beating Wall Street estimates 93% of the time and seeing roughly a 2% gain the next trading day, Mastercard is a strong contender. Analysts are also optimistic about Mastercard, with 80% maintaining a buy rating and consensus price targets indicating a 5% upside over the next 12 months.
Other notable stocks that have caught Bespoke’s attention include Generac, a power generator manufacturer, and Trimble Inc., a maker of applications using global positioning satellite navigation. These companies also meet the criteria of reporting earnings next week, historically beating analysts’ estimates, and generating positive returns for investors.
Stay tuned to Extreme Investor Network for more unique insights and expert analysis to help you navigate the dynamic world of investing. Whether you’re a seasoned investor or just starting out, our goal is to provide you with valuable information to make informed decisions and achieve your financial goals.