Some of the companies reporting results in the upcoming week are more likely than others to see their stocks get an earnings-powered boost.
Fifteen percent of the stocks in the S & P 500 — or 76 names in the index — are due to report results in the coming days, including big media companies and travel and restaurant stocks.
Seventy-eight percent of S & P 500 companies that have reported so far have posted an earnings surprise to the upside, while 59% of those stocks have also beaten on revenue expectations.
FactSet predicted a blended year-over-year earnings growth rate of 11.5% for the S & P 500, which would mark its highest since the fourth quarter of 2021.
CNBC Pro screened FactSet for the S & P 500 companies reporting earnings this week that could receive a post a positive earnings surprise and therefore receive a price boost.
Persons:
FactSet, Goldman Sachs, George Wang, —, Fred Imbert
Organizations:
CNBC, Uber Technologies, Uber, Mizuho, Micro Computer, Micro, Walgreens, Alliance, Barclays, Tesla, Fidelity National Information Services, Expeditors International of Washington