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. We found three names, using the following criteria: Companies surpass Wall Street estimates at least 75% of the time Shares delivered an average one-day stock price return of more than 1% in response to the results Here’s the list for next week. BlackRock shares have advanced more than 24% over the past year. The money manager has historically posted better-than-expected earnings results 80% of the time, leading to a 1% gain in the stock. 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 1.4% the next day as a result. Raymond James upgraded Citizens Financial to strong buy from market perform last month, with analysts led by David Long pointing to growing profitability for Citizens’ private banking segment as a catalyst for higher earnings. Citizens will report results for the fourth quarter on Jan. 17, with analysts surveyed by FactSet estimating earnings of 82 cents per share on revenue of $1.96 billion. CFG YTD mountain Citizens Financial stock.
