Companies set to report earnings next week have a track record of surpassing expectations.

Several companies are set to release their earnings reports next week, with some potentially standing out among the rest. Earnings season is in full swing, with 22% of S&P 500 members expected to announce their quarterly results in the coming days. According to FactSet, the majority of companies that have already reported their third-quarter earnings have exceeded both earnings and revenue expectations. In light of this positive trend, CNBC Pro has analyzed data from Bespoke Investment Group to identify companies that have a history of surpassing investors’ expectations and experiencing strong post-earnings performances. The following companies have met the criteria of surpassing earnings per share expectations 70% of the time and seeing a 2% or more increase in their stock price on earnings day:

ServiceNow stands out as one of the top performers on the list, with an average post-earnings gain of around 3.3%. The enterprise software giant has a strong track record of beating analysts’ earnings per share estimates, achieving this feat 90% of the time. Wells Fargo analyst Michael Turrin has expressed optimism about the stock, reiterating an overweight rating on ServiceNow and raising the price target to $1,025 per share from $935. This new target suggests a potential upside of over 11.5% for the stock, which has already gained 30.3% this year. Turrin highlighted ServiceNow’s Xanadu product release as a significant step forward in the company’s artificial intelligence vision. Additionally, ServiceNow recently announced a $1.5 billion investment in the U.K. over the next five years to expand its business in response to the growing demand for data center infrastructure and AI.

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Monolithic Power, a manufacturer of power circuits, has an impressive earnings beat rate of 88%. The company’s shares have surged more than 48.5% this year, outperforming the broader market. On earnings day, Monolithic Power typically experiences a 2.6% price movement, according to Bespoke. Analyst Rick Schafer from Oppenheimer identified Monolithic as one of his top semiconductor picks, anticipating positive results and outlook from leading AI-exposed companies following a correction year in 2023.

Impinj, a provider of radio-frequency identification devices, also made the list with an 88% earnings beat rate and an average post-report stock price increase of 3.2%. The company has seen remarkable growth this year, with its stock price rising approximately 160.3% year to date. Despite analysts’ consensus price target suggesting a potential 13.6% downside, they maintain a buy rating on the stock. PI YTD mountain Impinj stock.