tech
These stocks reporting earnings next week have historically beaten expectations
Lam Research and ServiceNow are among the stocks reporting earnings next week that could rally afterward.
TL;DR
- Lam Research and ServiceNow are among the companies reporting earnings next week with a history of beating analyst estimates.
- Historically, stocks that beat earnings expectations often see a post-earnings rise.
- Lam Research has exceeded EPS estimates 92% of the time and averages a 1.3% gain the next session.
- ServiceNow has topped bottom-line estimates 91% of the time, averaging a 3.1% gain post-results.
- Analysts from Wolfe Research, Citigroup, and Oppenheimer have reiterated positive ratings and see potential catalysts for Lam Research and ServiceNow.
- Lam Research's stock has surged 55% this year, while ServiceNow has fallen nearly 37%.