Tuesday Apr 27 2021 11:22
3 min
It’s the final week of April: a time that traditionally brings opportunities for earnings-driven volatility.
Many companies reporting their quarterly earnings have strong track records of beating analyst estimates and subsequently seeing their share prices rise.
Bespoke Investment Group, as reported by CNBC, has pulled together the below list of firms that, 90% of the time, beat estimates, and enjoy average day-after jumps of at least 1%.
| Stock | Company | EPS beat % | Average 1 day % price move |
| TDY | Teledyne Tech | 100 | 2.18 |
| AVNT | Avient | 100 | 1.5 |
| TRU | TransUnion | 100 | 1.27 |
| NGVT | Ingevity | 100 | 1.74 |
| GFF | Griffon Corp | 100 | 11.41 |
| OPI | Office Properties | 100 | 2.62 |
| UFI | Unifi Inc | 100 | 2.33 |
| CSGP | CoStar Group | 96.7 | 2.18 |
| EXPO | Exponent | 96.6 | 1.56 |
| SHOP | Shopify | 95.7 | 3.54 |
| PATK | Patrick Industries | 94.7 | 1.2 |
| JBT | JBT Corp | 93.5 | 1.75 |
| MA | MasterCard | 93.2 | 2.09 |
| SLAB | Silicon Labs | 92.3 | 1.29 |
| SYNH | Syneos Health | 92.3 | 3.22 |
| FB | 91.4 | 2.52 | |
| SPSC | SPS Commerce | 90.7 | 1.66 |
| ABBV | AbbVie | 90.3 | 1.26 |
| SPGI | S&P Global | 90 | 1.6 |
These reports suggest earnings are off to a great start this quarter. Companies have so far reported aggregate earnings 23.6% above expectations, according to FactSet. If the trend continues, then we’ll be looking at the highest surprise percentage since FactSet began recording the metric in 2008.
Interestingly, amongst the megacap tech companies reporting this week, Facebook is the only one to make the list. Bespoke highlights its average day-after jump of 2.5%. Facebook reports quarterly earnings today after the closing bell.
Facebook’s average analysts’ price target was up approximately up 14% over Friday’s level on Tuesday, trading at $342.37 per share, feeding into potential longer-term upsides.
Shopify, the Canadian e-commerce company, has consistently been one of the fastest growing stocks for the past 3 years. Since 2018, Shopify shares have grown a massive 700%.
MasterCard is also a bit of a big hitter with a proven ability to come out above analysts’ expectations. The credit card firm beats predictions 93% of the time. MasterCard currently enjoys an 85% buy rating on Wall Street, reports FactSet, with the stock up 9% year-to-date.
Looking to small caps, some of those on Bespoke’s list as consistently punching above their weight, estimates-wise, include Office Properties Income Trust and TransUnion.
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