Earnings Expectations Have Been Exceeded By These Stocks In The Past

Look for names that have outperformed expectations in the past - and tend to rise on the back of them - for ways to play the next earnings report.

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In spite of concerns over slower ad spending on the platforms, Microsoft, Amazon, and Google-parent Alphabet have posted solid results this week. Other companies, such as industrial giant Honeywell, have also posted solid results.

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Trade Algo scan the S&P 500 for stocks that meet the following criteria next week, due to Apple being among the 148 companies reporting.

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• Over the past five years, the companies have beaten earnings estimates by a median of 3% or more.
• Gains of at least 0.5% on one day after reporting over the past five years
• Over the last five years, the stocks have outperformed earnings expectations 75% of the time.
• During the past decade, companies have beaten earnings estimates by an average of 3% or more.
• An increase of at least 0.5% in one day after earnings over the past 10 years
• 75% beat rate over a 10-year period

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Next week's earnings reports from companies that beat expectations

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• Qorvo, Inc.
• Ingersoll Rand Inc.
• Motorola Solutions, Inc.
• CDW Corporation
• Epam Systems, Inc.
• Ametek, Inc.
• Paycom Software, Inc.
• Regeneron Pharmaceuticals, Inc.
• FMC Corporation
• Garmin Ltd.
• Generac Holdings Inc.
• Sealed Air Corporation
• Howmet Aerospace Inc.
• Zebra Technologies Corporation 
• Zoetis, Inc. 
• Trane Technologies Plc
• Nxp Semiconductors 
• Corteva Inc
• Advanced Micro Devices, 
• Everest Re Group, Ltd.

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Over the past five years, Generac's average beat rate has been 90%. Since the company reported quarterly results, it has gained 2.4% on a daily basis. Over the past five and 10 years, the generator maker has also surpassed earnings expectations by 9.74% and 8.8%.

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Generac's shares have gained 1.6% this year so far. May 3 will be the date of the company's earnings report.

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According to Paycom, over the last five years, it has exceeded analyst expectations 95% of the time. Historically, the company has beaten analyst expectations 94.4% of the time over a ten-year period and has beaten expectations by a median of 14.43% over the same period. The stock of Paycom has lost about 5% so far this year. Earnings will be reported on May 2 by the company.

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There was also a mention of Garmin. A median of 16.06% of earnings was exceeded over the past decade. During the past five years, the company's earnings have also exceeded analyst forecasts by 90%. It is expected that Garmin will report earnings on May 3 after the company gained 5.8% so far in 2023.

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This year, NXP Semiconductors shares have gained 2.6%. Over the past five years, the company has exceeded earnings expectations by 3.58 percent, while beating the market 85% of the time. On May 1, NXP will release its quarterly results.

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Since the beginning of the year, Motorola shares have gained 12.8%. In the past five years, Motorola has always exceeded earnings expectations. This figure has been 92.5% over the past ten years. Earnings will be reported on May 4 by the company.

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