5 Stocks Reporting Earnings Next Week With Momentum on Their Side

The third-quarter earnings season is about to heat up, with several major companies including JPMorgan Chase and Progressive Corp. set to release results that could spark gains in their shares.

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Starting next week, 34 companies within the S&P 500 representing nearly 7% of the index are slated to report their quarterly numbers. Big banks will take center stage, with JPMorgan, Citigroup, Goldman Sachs, Morgan Stanley, and Wells Fargo all due to announce results. Healthcare giant Johnson & Johnson is also expected to be a key highlight of the week.

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To identify potential winners this earnings season, CNBC Pro analyzed data from FactSet, screening for S&P 500 stocks that could enjoy a post-report rally. The criteria were clear: companies needed at least 10 upward earnings estimate revisions over the past three months, no more than 10 downward revisions, and at least a 5% increase in consensus earnings estimates over both the past three and six months.

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One notable standout from this list is Progressive Corp., the insurance heavyweight that has quietly delivered steady gains this year. The stock is up more than 2% year-to-date, supported by a wave of analyst optimism. Over the past three months alone, earnings forecasts for Progressive have been revised higher 52 times, signaling growing confidence in the company’s financial strength.

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In September, Bank of America reaffirmed its bullish stance on the insurer, raising its price target from $343 to $350 a projection that implies roughly 44% upside from Tuesday’s closing price. Analyst Joshua Shanker, who maintains a buy rating, said Wall Street continues to underestimate Progressive’s earnings potential.

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“In our view, consensus remains too conservative on Progressive’s profit power,” Shanker wrote. “We’re increasing our above-Street EPS estimates for the final months of 2025 and for fiscal 2026 to $6.35 from $5.69 (27% above consensus) and $20.40 from $18.65 (23% above consensus).”

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Progressive is scheduled to report its latest quarterly results on Wednesday, October 15, and investors will be watching closely for signs that its strong underwriting discipline and pricing strategy continue to pay off.

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Another stock that could benefit from next week’s earnings wave is Charles Schwab, which has already climbed 27% in 2025. Analysts have raised their earnings projections 33 times in the past quarter, reflecting optimism around Schwab’s asset management and wealth advisory segments.

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Earlier this month, BMO Capital Markets initiated coverage on Schwab with an outperform rating, emphasizing the company’s durable growth profile and efficient use of capital. “We believe wealth managers represent one of the most resilient business models within traditional financials,” wrote analyst Brennan Hawken. “They combine strong long-term growth opportunities with low capital intensity.”

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Hawken set a $92 price target on Schwab shares roughly in line with their recent trading levels suggesting limited near-term upside but confidence in the firm’s longer-term trajectory. Schwab is expected to announce its quarterly earnings on Thursday, October 16.

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Beyond these two names, several other well-known companies could see movement following their reports next week. Financial powerhouse JPMorgan Chase, insurer Travelers Companies, and brokerage Interactive Brokers Group are also on the radar. Each has shown positive momentum in analyst sentiment and could deliver upside surprises if results meet or exceed expectations.

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For investors, this upcoming round of earnings will provide valuable insight into how major U.S. financial institutions and insurers are navigating an evolving economic environment. With interest rates stabilizing and consumer spending showing resilience, market watchers are keen to see which firms are best positioned to sustain profitability and capture growth heading into the final stretch of the year.

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In short, next week’s earnings calendar is packed with potential catalysts. From Progressive’s continued outperformance in the insurance space to Schwab’s strength in wealth management and the major banks preparing to unveil their numbers the reports could set the tone for how the broader market performs through the remainder of the earnings season.

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