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. (NASDAQ: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. (NASDAQ: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 (NYSE: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.
Business relationship disclosure: Business relationship disclosure: Kapitall is a team of analysts. This article was written by Sabina Bhatia, one of our writers. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.