There are some companies reporting earnings this week with a track record of beating Wall Street expectations. This week is the busiest of the current corporate earnings season, with 19% of the S & P 500 set to report. That list includes several big technology names, in addition to a handful of blue-chip stocks included in the Dow Jones Industrial Average. Nearly one-quarter of the stocks in the S & P 500 have already reported, according to FactSet data as of Monday morning. About 72% of those companies have exceeded Wall Street expectations in their quarterly financial report. Stocks can jump if their reports or guidance for future performance impress the Street. With this in mind, CNBC Pro used Bespoke Investment Group data to find stocks that tend to beat earnings expectations and rise on the back of their results. Specifically, we looked for S & P 500 stocks that top profit estimates at least 80% of the time. We then filtered for stocks that rise 1.5% or more on average after results are released. Here are the names that made the list: Meta is the sole representative from big tech on this screen despite a handful of members reporting this week. The Facebook parent has exceeded analysts’ expectations for earnings and revenue 87% of the time, and has climbed about 1.9% on average following a report. Shares have risen more than 12% in 2023, extending gains after soaring more than 194% in 2023. More than 4 out of every 5 analysts polled by FactSet hold a buy rating on the stock, though the average price target implies shares could shed 0.4%. Jefferies analyst Brent Thill is one of the bullish analysts, sharing his optimism going into the company’s quarterly print. Meta reports after the bell Thursday. “Our recent digital ad checks have been the most positive we’ve seen in several years, giving us conviction in Q4 rev at the high end of guidance and Q1 rev guidance above the street at the high end,” Thrill wrote in a Sunday note to clients. META mountain 2022-12-30 META since 2023 Mastercard also made the list, with earnings beating expectations 94% of the time and the stock gaining 1.78% in a typical post-report session. The financial technology stock has advanced almost 3% in the next year. Shares slightly underperformed the broader market in 2023, finishing 22.7% higher compared with the S & P 500’s 24.2% return. JPMorgan analyst Tien-tsin Huang told clients last week that the company should issue full-year guidance showing revenue growth on a foreign exchange neutral basis that should be a percentage in the low teens. That’s enough to earn a positive stock reaction, Huang said. Nearly 9 out of every 10 analysts rate Mastercard a buy, according to FactSet. The average analyst anticipates shares will climb nearly 7% over the next year. MA 1Y mountain MA in past year Electrical manufacturer Atkore International is one of the lesser-known stocks on the list. Atkore has an 83% beat rate on earnings per share and has historically popped nearly 5% after a quarterly financial report. Shares have slipped more than 3.5% in the new year, relinquishing some gains following 2023’s rally of more than 41%. Analysts see more room to run, with 4 out of every 5 having a buy rating with an average price target showing a 19.1% upside, per FactSet.
