Several stocks with earnings slated for next week, including Meta Platforms and Mastercard , tend to top Wall Street estimates and get a boost in value. Earnings season is so far off to a solid start. About 9% of S & P 500 companies have reported fourth-quarter results, with 79% of them posting a positive earnings surprise and 67% a positive revenue surprise, according to a Friday report from FactSet’s John Butters. Strong earnings from the big banks — particularly from JPMorgan , Goldman Sachs and Bank of America — have fueled positive sentiment. Procter & Gamble ‘s earnings beat on Wednesday reflected improving demand for household staples. CNBC Pro used earnings data from Bespoke Investment Group to find companies that have a history of beating analyst estimates and subsequently rising in price. The companies listed below have beaten earnings per share estimates 75% of the time or more, and gain 1.5% or more on the first trading day after posting results. Meta Platforms made the cut with its track record of posting better-than-expected earnings 88% of the time, which has led to an average gain of 1.95% for the stock in the following trading session. In the first few weeks of January, the Facebook and Instagram parent is up about 7%. Over the past year, shares have gained 64%. Jefferies is one firm staying bullish on Meta heading into earnings on Jan. 29. Analyst Brent Thill reiterated his buy rating in a Wednesday note and said that the TikTok ban appears to be driving teens to Instagram Reels. “Overall, we continue to be encouraged by META’s ability to sustain DD [double-digit] rev growth, given the combination of higher engagement from AI investments, increased advertiser efficiency and ramping of incremental monetization formats,” he said. META 1Y mountain Meta stock performance over the last year. Credit card company Mastercard has the strongest earnings beat rate of the lot, at 93%. The company’s stock price tends to move about 1.7% after reporting. Its shares have risen more than 20% over the past year. Wall Street remains largely optimistic about its outlook, with 23 of 40 analysts covering the stock rating it a buy and eight giving it a strong buy rating. Banking firms Axos Financial and Western Alliance Bancorp also made Bespoke’s list, reporting positive earnings 88% and 86% of the time, respectively. Hoka and Teva owner Deckers Outdoor is a name in apparel that tends to outperform after reporting results, according to the firm. On the back of strong demand, the company has raised its guidance twice for fiscal year 2025, which could offer investors conviction on the stock.
These names reporting next week have a history of beating earnings expectations, including Meta