Several technology and travel companies are reporting earnings this week — and some of them are likely to see dramatic moves when they do. Wall Street is now in the final half of fourth quarter earnings season, with around 80% of S & P 500 companies having already posted their results. Bank of America says companies are recording “another strong quarter” with consensus earnings per share tracking to beat analysts’ estimates by 4%. Although forward financial guidance is weak, that’s on par with typical seasonal patterns in January and February, according to a Monday note from the firm’s equity and quantitative strategy desk. CNBC Pro screened for stocks that may post sharp moves after releasing their quarterly results, based on calculations from FactSet data. The approach is based on a stock’s options implied volatility, which refers to how much a stock’s price may move — up or down — in reaction to a notable event, such as an earnings announcement. For example, AI-powered consumer lending platform Upstart Holdings could see its shares rise or fall more than 21% after its earnings announcement Tuesday. Shares are down 12.4% in 2024, but are also higher by 12.7% so far in February. Other reports scheduled for this week include consumer staples names such as Coca-Cola and Kraft Heinz , as well as Cisco Systems and Sony . Here are some other stocks that may notch the biggest moves after their announcements this week. Gold miner Iamgold could move nearly 19% in either direction after its earnings release on Thursday. Shares have had a volatile start to 2024, but are currently little changed on the year. Although the stock’s consensus price target implies 25% upside potential from Friday’s close, Wall Street is sticking to the sidelines, according to LSEG data. More than half of the analysts covering the shares rate it no more than a hold. Swedish oat milk maker Oatly could move up or down about 17% after its earnings results, which are also slated to come out on Thursday. The company announced a partnership with U.S. ice-cream manufacturer Carvel in January, which has provided a boost to the struggling stock. U.S.-traded shares of Oatly have jumped more than 12% in February, pulling the stock up nearly 8% in 2024. However, the stock is still down almost 40% over the last 12 months. OTLY 1Y mountain Oatly shares Restaurant software platform Toast may also see either a gain or loss of more than 11% following its earnings release on Thursday. Toast was recently upgraded to buy from neutral by Redburn Atlantic Equities, which cited its pricing power among small- and midsize merchants. The stock has outperformed this year, rising 9.9% compared to the S & P 500’s 5.3% rise.
