Welcome to Extreme Investor Network, where we provide unique insights and expert analysis on the world of investing. As earnings season kicks into high gear, there are some key companies to keep an eye on that have a history of outperforming expectations and rallying after their reports.
Next week, we have big names such as Alphabet, Amazon, and Tesla set to report their earnings. Following this week’s strong performance from big banks like Goldman Sachs, Morgan Stanley, and Bank of America, investors will be eagerly watching to see if these upcoming companies will also exceed Wall Street’s expectations.
Using data from Bespoke Investment Group, we have screened for stocks reporting next week that have consistently beaten the Street’s consensus earnings estimate at least 75% of the time and have moved at least 1.5% higher in the trading session following the results.
One of the companies that made the list is Chipotle, which has beaten consensus estimates nearly eight out of 10 times and rallied an average of 1.8% on earnings day. Analysts at UBS are bullish on the stock, seeing it as well-positioned for continued sales momentum.
ServiceNow is another company reporting next week that has a high beat rate of 90% and typically rallies 3.1% on earnings day. Despite not expecting the second-quarter results to be a significant positive catalyst, BofA still believes ServiceNow is a top pick due to its leading cloud platform for workflow automation.
Deckers Outdoor is also on our list, with a beat rate of 94% and an average rally of 1.7% on earnings day. Despite a recent dip in the stock price, Wedbush Securities sees this as a buying opportunity, citing high brand heat at the company’s core brands, Hoka and Ugg.
At Extreme Investor Network, we provide in-depth analysis and expert opinions on potential investment opportunities during earnings season. Stay tuned for more updates and insights on the market trends that matter most to investors.