Three companies reporting earnings next week have historically surpassed analyst estimates and seen their shares rise in response.
A handful of companies set to report earnings next week could exceed expectations, at least if history is any guide. Only 19 companies in the S & P 500, or about 4% of the broad market index, have so far reported fourth quarter results but, of those, average earings growth has come in at 24%, according to FactSet. Against this backdrop, CNBC Pro used earnings data from Bespoke Investment Group to find stocks that typically top analysts' quarterly earnings expectations and rise afterward.
BlackRock will report fourth-quarter results on Jan. 15. Analysts polled by FactSet forecast earnings per share of $11.33 on revenue of $5.6 billion. BLK mountain 2024-11-05 BlackRock shares since the presidential election. Citizens Financial also turned up on the screen. Shares of the Providence, Rhode Island-based regional bank have gained more than 34% over the past year. The lender typically surpasses analyst expectations about 78% of the time, and has seen its stock gain 1.
Markets Blackrock Inc Citizens Financial Group Inc Factset Research Systems Inc Earnings Business News
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