Columbia Sportswear, AGCO, Cognizant Tech, Paycom Software and Snap-on almost always beat Wall Street's earnings estimates.
CNBC crunched the numbers using data from Bespoke Investment Group and found five stocks that nearly always beat Wall Street's earnings forecasts.A Columbia Sportswear Company sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York.Of the hundreds of big companies set to report earnings next week, there are five key names that investors should be focused on because they almost always top expectations.
With a market value of about $6.4 billion, shares of Columbia Sportswear have gained 6% in the past 12 months. The S&P 500 has returned more than 20% in the past year. Stephens lowered its earnings estimates for AGCO by 3% due to a weak finish to retail sales in December, but the firm said "AGCO is well positioned in the ag tech competitive landscape with differentiated technology and growth drivers."
JPMorgan said Cognizant Tech's earnings will likely be hurt by weakness in its banking customers, specifically the large European banks, and healthcare customers. Of the 32 analysts that cover Cognizant Tech, only nine recommend buying the stock, according to FactSet. Sixteen, or half, have a hold rating and seven have a sell rating.reports earnings after the bell on Wednesday and if history is any guide, the payroll and human resource technology provider will top analysts' forecasts. Paycom beats EPS estimates 91% of the time and trades up an average of 4.2% on the day it reports, according to Bespoke.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Street art creates a splash of new life for Lisbon barrioPainters from Angola, Brazil, France, Israel, Liberia, Peru, Portugal, Russia, Salvador, Spain and Uruguay and their works attract hundreds of visitors in the Quinta do Mocho housing project, north of Lisbon.
Read more »
Amgen 2020 outlook falls short of Street estimates; shares slumpAmgen Inc on Thursday forecast 2020 earnings well short of Wall Street estimates...
Read more »
Amazon’s Prime Surge Delights Wall StreetThe tech giant reported growing its Prime membership to 150 million members, and better-than-expected net sales in the fourth quarter.
Read more »
The Best Street Style From Copenhagen Fashion Week Fall/Winter 2020Consider a parade of colorful outerwear to brighten up this never-ending January.
Read more »
Wall Street slides on China virus concerns, Facebook earningsThe main U.S. stock indexes are on course for their second weekly declines as the death toll from China’s epidemic climbed to 170, spreading to over 15 countries, disrupting global travel and leading several companies to suspend operations in China
Read more »
Kobe Bryant Could Get Street Named After Him In L.A., Officials Discussing OptionsL.A. City officials are having discussions about how to best honor Kobe Bryant ... and naming a street after him might just be a perfect tribute!
Read more »