Using Bespoke Investment Group data, CNBC Pro screened for stocks set to release their quarterly results that meet the following criteria: Reporting earnings next week Average earnings per share beat rate of 70% or higher Shares typically gain an average of 1% or more after reporting earnings The screen turned up medical device company Intuitive Surgical as showing the highest average one-day move after reporting earnings, at 2.43%, and an average EPS beat rate of 87%.
"We anticipate Da Vinci Xi demand will hold strong in the interim as customers await the commercial launch of da Vinci 5, benefiting from improving utilization and procedure volume trends in the near-term."
Horton , which also reports on Thursday, has a 76% earnings beat rate and the stock typically gains roughly 1.5% after results.
Toolmaker Snap-on had the highest earnings beat rate on the screen, at 90%.
Other companies that could see a bump after earnings next week include Blackstone , Citizens Financial and workforce solutions company ManpowerGroup .
Persons:
Da, Joanne Wuensch, Wedbush, Horton, homebuilders
Organizations:
Federal Reserve, CNBC Pro, Citigroup, Citi, FactSet, Blackstone, Citizens Financial
Locations:
Vinci, Horton, D.R, underperform