economy
These stocks reporting earnings next week have a history of beating expectations
Companies including Copa Holdings and Nova have historically beaten analysts' earnings estimates and seen their shares rise as a result.
TL;DR
- Copa Holdings and Nova are reporting earnings next week and historically beat expectations.
- The first-quarter earnings season has been strong, with nearly 85% of S&P 500 companies beating earnings expectations.
- Companies are selected based on beating EPS expectations at least 70% of the time and averaging a 1% or more gain post-earnings.
- Copa Holdings has an average gain of 1.9% after reports, with Goldman Sachs upgrading its stock.
- Nova has an average gain of 1.6% after earnings, and Barclays initiated coverage with an overweight rating.
- Other stocks with a history of surprise beats include Yeti, Vonage, and Kornit Digital.