Do you like to follow earnings season? For a closer look at companies reporting next week, we ran a screen.
We screened the stocks reporting earnings next week for those with a history of surprising the market with positive earnings reports, with an average earnings surprise of at least 5% over the last five quarterly reports.
Although analysts don't seem to be enthused by these stocks. Average analyst ratings sourced from Zacks Investment Research.
1. Apollo Group Inc. (APOL): Provides educational programs and services at the undergraduate, master's, and doctoral levels. Market cap at $2.29B, most recent closing price at $20.37. In Nov 2011: Reported EPS at 1.28 vs. estimate at 1.18 (surprise of 8.5%). In Feb 2012: Reported EPS at 0.58 vs. estimate at 0.37 (surprise of 56.8%). In May 2012: Reported EPS at 1.2 vs. estimate at 0.97 (surprise of 23.7%). In Aug 2012: Reported 0.52 vs. estimate at 0.49 (surprise of 6.1%. [Average earnings surprise at 23.77%]. Expected to report earnings on January 8th, 2013 after market close.
2. Schnitzer Steel Industries Inc. (SCHN): Engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. Market cap at $798.86M, most recent closing price at $30.26. In Nov 2011: Reported EPS at 0.25 vs. estimate at 0.23 (surprise of 8.7%). In Feb 2012: Reported EPS at 0.35 vs. estimate at 0.33 (surprise of 6.1%). In May 2012: Reported EPS at 0.4 vs. estimate at 0.25 (surprise of 60%). In Aug 2012: Reported 0.1 vs. estimate at -0.01 (surprise of 1100%. [Average earnings surprise at 293.7%]. Expected to report earnings on January 8th, 2013 before market open.
3. Wells Fargo & Company (WFC): Provides retail, commercial, and corporate banking services primarily in the United States. Market cap at $179.93B, most recent closing price at $34.18. In Dec 2011: Reported EPS at 0.73 vs. estimate at 0.72 (surprise of 1.4%). In Mar 2012: Reported EPS at 0.75 vs. estimate at 0.73 (surprise of 2.7%). In June 2012: Reported EPS at 0.82 vs. estimate at 0.81 (surprise of 1.2%). In Sep 2012: Reported 0.88 vs. estimate at 0.87 (surprise of 1.1%. [Average earnings surprise at 1.6%]. Expected to report earnings on January 11th, 2013 before market open.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.