Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

These two stocks reporting earnings soon typically beat expectations: should you buy?

admin by admin
October 20, 2024
in Politics
0
These two stocks reporting earnings soon typically beat expectations: should you buy?
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Investing in a stock just before the release of its quarterly financial results can be a risky bet.

However, if you identify companies with a history of beating expectations, the dynamics change.

For those with a sufficient risk appetite, such investments may yield healthy returns within days.

Here are two companies scheduled to report their earnings next week, both known for consistently surpassing expectations.

ServiceNow Inc (NYSE: NOW)

ServiceNow has a track record of exceeding quarterly earnings expectations approximately 90% of the time, with its share price typically rising by around 3.5% following financial releases, according to data from Bespoke Investment Group.

The cloud computing company is set to announce its third-quarter results on October 23rd.

Analysts project earnings of $3.46 per share on $2.74 billion in revenue, representing year-over-year increases of 18.5% and 19.8%, respectively.

Michael Turrin, an analyst at Wells Fargo, holds a positive outlook on the stock ahead of NOW’s earnings report.

His overweight rating, coupled with a price target of $1,025, suggests about a 12% upside from the current price.

“We continue to focus on the highest quality businesses with strong platform positioning, balanced growth profiles, and management teams with proven track records. NOW meets all three criteria,” he stated in a research note last week.

Turrin also noted that ServiceNow stock is well-positioned to benefit from AI tailwinds following the recent launch of Xanadu.

Monolithic Power Systems Inc (NASDAQ: MPWR)

Monolithic Power Systems is another stock worth considering ahead of its upcoming earnings release, as it has a history of beating expectations approximately 88% of the time.

The semiconductor stock typically sees an average rise of more than 2.5% on earnings day, according to Bespoke data.

The consensus estimates MPWR will earn $3.04 per share in its third financial quarter, marking a 22.1% increase from $2.49 per share in the same quarter last year.

Oppenheimer analyst Rick Schafer recently added Monolithic Power to his list of top semiconductor picks, citing its potential to benefit significantly from ongoing demand for AI power solutions.

He noted, “There is a largely binary set-up for the group, with leading AI-exposed companies likely to deliver upside results and outlooks, while most others will be roughly in line, reflecting anemic non-AI demand trends.”

Additionally, shares of Monolithic Power Systems currently offer a dividend yield of 0.55%, providing another compelling reason to consider adding it to your portfolio.

Notably, MPWR has turned a $1,000 investment into nearly $24,000 over the past ten years.

The post These two stocks reporting earnings soon typically beat expectations: should you buy? appeared first on Invezz

Previous Post

Can the ongoing Q3 season derail AI growth story?

Next Post

How Taylor Swift’s merch could give Target an edge over Costco

admin

admin

Next Post
How Taylor Swift’s merch could give Target an edge over Costco

How Taylor Swift’s merch could give Target an edge over Costco

Trending News

Is Trump’s AI strategy backfiring? Microsoft sounds alarm on chip curbs

Is Trump’s AI strategy backfiring? Microsoft sounds alarm on chip curbs

February 27, 2025
CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

May 9, 2025
China’s central bank buys 200 billion yuan of sovereign bonds in September

China’s central bank buys 200 billion yuan of sovereign bonds in September

September 30, 2024
Subscribe to Insightful Word


    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025
    Dow Futures soar as Wall Street bulls charge toward record highs

    Dow Futures soar as Wall Street bulls charge toward record highs

    June 27, 2025
    Morningstar lifts Netflix target but warns shares remain overvalued

    Morningstar lifts Netflix target but warns shares remain overvalued

    June 27, 2025

    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025

    Latest News

    • Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high
    • Nike shares jump on improved outlook, shift from China; analysts see recovery
    • Dow Futures soar as Wall Street bulls charge toward record highs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.