Welcome to Extreme Investor Network, where we provide unique insights and analysis to help you make informed investing decisions. Today, we will discuss a handful of stocks that are set to report their quarterly earnings in the coming days and why they could potentially outperform their competitors.
The upcoming week will be a busy one for third-quarter earnings, with nearly one fifth of the S & P 500 companies scheduled to release their latest results. Among the industries set to report are semiconductor makers, travel companies, and restaurant names. So far, the earnings season has been a success, with the majority of companies beating analysts’ expectations.
Our experts have screened data from Bespoke Investment Group to identify stocks that have a history of beating analysts’ expectations and outperforming the market after reporting earnings. Our top picks include online real estate marketplace Zillow, social media platform Pinterest, and marketing software developer HubSpot.
Zillow, which has an impressive earnings beat rate of 83%, has historically seen an average gain of 1.6% after reporting strong results. Analysts are bullish on Zillow, with the average price target implying a 7% upside potential. Recent upgrades and positive catalysts, such as lower mortgage rates and software initiatives, make Zillow an exciting investment opportunity.
Pinterest, with an 86% beat rate, has historically risen 3% following strong earnings. Despite a decline in share price this year, analysts see significant upside potential for Pinterest, with the average price target suggesting a 33% increase. Recent developments, including new AI tools and innovative product features, have garnered positive feedback from analysts.
HubSpot, with a perfect earnings beat rate, has typically seen a gain of nearly 4% after reporting quarterly results. Although shares have dipped this year, analysts remain optimistic about HubSpot’s growth prospects. With an average price target implying an 11% gain, HubSpot is a compelling investment opportunity for investors looking for long-term growth.
Stay tuned to Extreme Investor Network for more unique insights and expert analysis on the latest trends in the investing world. Don’t miss out on our exclusive reports and recommendations that can help you navigate the complex world of investing with confidence. Join us today and become an Extreme Investor!