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A large group of stocks are reporting earnings next week — and some could be in for notable moves if history repeats itself. It comes during what is shaping up to be a strong earnings season, with nearly 4 out of 5 companies that have reported exceeding Wall Street expectations. In the runup to next week, Bespoke Investment Group screened for names that are scheduled to report that could gain on the back of strong results. Here are the stocks reporting next week that passed the screen: By both measures, HubSpot shows the most promise of the companies reporting next week. The restaurant chain has topped forecasts for earnings per share 77% of the time, with an average advance following earnings of 3.75%.
Persons: HubSpot, Stephens, Jim Salera, Trevor Young Organizations: Investment, Google, Bank of America, LSEG, Holdings, Barclays Locations: Texas
With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone. The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe. The company's average earnings quality score for the trailing four quarters came in at 5. Its average earnings quality score for the trailing four quarters amounted to 25. The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.
Persons: Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom Organizations: Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho Locations: F2H24
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