Some firms reporting results next week are more likely than others to see their stocks experience an earnings-led boost. Fifteen percent of the stocks within the S&P 500 — or 76 names within the index — will report ends in the approaching days, including major media firms and travel and restaurant stocks. Despite some disappointments amongst megacap technology firms, earnings season was overall positive. 78 percent of S&P 500 firms which have reported results up to now have posted a positive earnings surprise, while 59 percent of those stocks have also beaten revenue expectations. FactSet forecast a median year-over-year earnings growth rate of 11.5 percent for the S&P 500, which can be the very best for the reason that fourth quarter of 2021. CNBC Pro searched FactSet for the S&P 500 firms reporting results this week that might post a positive earnings surprise and thus send their stocks higher. To be included within the table, stocks had to satisfy the next criteria: Expected earnings per share of at the very least five cents At least five upward revisions to earnings estimates over the past three months Percent changes within the consensus estimate of at the very least 5% over the past three and 6 months Here’s the list of names: Ride-sharing platform Uber Technologies is scheduled to report earnings on Tuesday. The stock has been revised upward 24 times over the past three months. Uber shares are down 4% this 12 months. Earlier this month, each Goldman Sachs and Mizuho reiterated their buy rankings on the stock. Another name on the list was computer company Super Micro Computer, which is scheduled to report earnings on Wednesday. Analysts have revised their earnings estimates for the corporate upward 13 times over the past three months. Super Micro Computer’s stock is up 120% through 2024, boosted by its exposure to artificial intelligence. Another factor that helped the stock was that the corporate replaced pharmacy chain Walgreens Boots Alliance within the Nasdaq 100 index on July 22. Earlier this month, Barclays maintained its chubby rating ahead of Super Micro’s earnings release. Analyst George Wang expects the corporate to boost its revenue forecast for the September quarter and monetary 2025. “We remain SMCI OW and expect a robust year of AI server deployment led by Tier 2 Cloud, high-end companies like Tesla and xAI, and sovereign AI,” the analyst wrote in a note. Other names on the list included energy company Vistra, financial services stock Fidelity National Information Services and Washington-based logistics company Expeditors International. — CNBC’s Fred Imbert contributed to this report.
