Stocks including Wingstop , Arista Networks and Shopify that are due to report next week have a track record of beating Wall Street’s earnings estimates and outperforming on the next trading day. The third-quarter earnings season is barely slowing down, with 129 companies in the S & P 500 — or just over a quarter of the index — on the docket to post results next week. Chipmakers AMD , Qualcomm and Arm Holdings will headline the week, but there will also be a notable showing from restaurants such as McDonald’s and other consumer-facing businesses. Stocks often enjoy a post-earnings boost if they report earnings or revenue that beat Wall Street analysts’ consensus forecasts. To find such companies, CNBC Pro screened data from Bespoke Investor Group looking for stocks that tend to top Street forecasts and rally afterward. The table below shows the stocks reporting earnings next week that have beaten their earnings per share estimates at least 75% of the time in the past. The same stocks have also averaged a gain of 1.5% or more the first day after posting results. Restaurant chain Wingstop reports its latest financials next Tuesday. The company has historically topped analysts’ earnings estimates 78% of the time, and on average has risen 3.3% following each earnings report. Earlier this month, RBC Capital Markets initiated research coverage on the chain with an outperform rating. “We view WING as a strong competitor in the growing chicken market,which has a well-defined niche in wings, which differentiates it from competitors,” wrote analyst Logan Reich. “The company’s international expansion is still in early stages where franchisee return profile is similar to the U.S. WING’s premium valuation is more than justified, in our view, and with their EV/FY2 EBITDA at a 36% discount to 10-year averages, recent selling pressure appears overdone to us.” Shares of Wingstop have tumbled 40% in the past three months. RBC’s $315 price target implies potential upside of more than 40% ahead. Arista Networks also reports earnings next Tuesday. The network equipment company has topped bottom-line estimates 100% of the time, with its stock averaging a 1.6% gain the day after its results are released. Ahead of its third-quarter report, Evercore ISI added Arista to its tactical outperform list. “We expect another beat and raise print; we see room for modest upside vs current consensus revenue/EPS of $2.26B/$0.71,” analysts at the investment bank wrote. “Critical to watch is the sustained momentum in their product deferred line as the historical triple digit growth here should give investors conviction on durability of growth over the next 2-3 years.” Evercore ISI’s $175 target price is approximately 8% above where shares of Arista Networks closed on Wednesday. The stock has surged 45% this year, and almost doubled in the past six months alone. Shopify is another company reporting next week with a history of beating Wall Street earnings expectations. The e-commerce point-of-sale systems operator has beaten earnings expectations 85% of the time, seeing an average gain of 3.7% afterward as a result. Ahead of Shopify’s next results, Morgan Stanley reiterated an overweight investment rating on the Canadian company. “A strong & durable core business bolstered by AI tailwinds delivering 30%+ growth warrants a premium multiple. Clarity on the materiality of Agentic commerce could push shares towards the bull case,” Morgan Stanley wrote. Shares of Shopify have soared 88% in the past six months, putting the company “squarely in the AI winners category within Software,” Morgan Stanley added.
