Welcome to Extreme Investor Network, where we provide unique and valuable insights into the world of investing. As earnings season ramps up, we are keeping a close eye on several companies that are due to report their quarterly results next week. According to FactSet, most companies that have reported so far have exceeded earnings and revenue expectations, setting a positive tone for the upcoming reports.
At Extreme Investor Network, we have screened Bespoke Investment Group data to identify potential standouts among the companies reporting next week. These companies have a history of positively surprising investors and showing strong post-earnings performances. Here are some names that have caught our attention:
1. ServiceNow: This enterprise software giant has a strong track record of beating analysts’ earnings per share estimates, with a 90% success rate. Wells Fargo analyst Michael Turrin is bullish on the stock, recently reiterating an overweight rating and raising the price target to $1,025 per share. With a potential upside of over 11.5%, ServiceNow is a stock to watch.
2. Monolithic Power: With an impressive earnings beat rate of 88%, this power circuits maker has outperformed the broader market, with shares up more than 48.5% this year. Analysts expect Monolithic to capitalize on AI-related growth, making it a top pick in the semiconductor sector.
3. Impinj: This company, known for its radio-frequency identification devices, has a track record of beating earnings expectations 88% of the time. Despite a strong performance this year, analysts project a potential downside for the stock. However, with a consensus buy rating, Impinj remains an intriguing investment opportunity.
As investors, it is crucial to stay informed and analyze company performances beyond just earnings. At Extreme Investor Network, we provide in-depth analysis and expert insights to help you make informed investment decisions. Stay tuned for more updates and recommendations from our team of experts.