A collection of stocks could surge thanks to a history of surpassing analysts' earnings estimates.
A handful of stocks that are on deck to report earnings have historically surpassed Wall Street estimates and seen shares move the day they report. Investors are closely watching the third-quarter earnings season. The 24% of S & P 500 companies that have reported quarterly results have so far collectively notched roughly 2% earnings growth. Some of the biggest companies set to report next week include Meta Platforms and Mastercard .
mountain Meta Platforms stock. Almost nine in 10 analysts surveyed by FactSet have a buy rating on Meta, with consensus price targets implying about 8% upside in the coming year. The company has benefited from investor enthisiasm surrounding artificial intelligence, according to Bank of America, which reiterated its buy rating on Meta heading into quarterly results on Oct. 30.
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