The following is a list of stocks reaching 52-week highs during recent sessions. Judging by their earnings results relative to analyst estimates, it's clear that these stocks are being underestimated by analysts.

In other words, these companies have a track record of beating analyst estimates. Now that they've hit highs, will their winning streak continue, or is most of the good news already priced in?

A full breakdown of earnings relative to analyst estimates can be accessed here. Earnings data sourced from AOL Money, short float data sourced from Finviz.

*Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.*

The list has been sorted by the average outperformance of analyst estimates.

* 1. Parker Hannifin Corporation (NYSE:PH):* Industrial Equipment and Components Industry. Market cap of $14.3B. The company has beaten analyst earnings estimates by an average of 65.48% over the last year. Short float at 2.57%, which implies a short ratio of 3.3 days. The stock has gained 55.49% over the last year.

* 2. Weyerhaeuser Co. (NYSE:WY):* REIT. Market cap of $11.55B. The company has beaten analyst earnings estimates by an average of 53.78% over the last year. Short float at 3.24%, which implies a short ratio of 3.49 days. The stock has gained 32.78% over the last year.

* 3. JDS Uniphase Corporation (JDSU):* Communication Equipment Industry. Market cap of $3.72B. The company has beaten analyst earnings estimates by an average of 45.55% over the last year. Short float at 2.99%, which implies a short ratio of 1.46 days. The stock has gained 100.24% over the last year.

* 4. Intercontinental Hotels Group plc (NYSE:IHG):* Lodging Industry. Market cap of $6.07B. The company has beaten analyst earnings estimates by an average of 42.37% over the last year. Short float at 0.68%, which implies a short ratio of 8.18 days. The stock has gained 60.46% over the last year.

* 5. The Blackstone Group (NYSE:BX):* Asset Management Industry. Market cap of $18.8B. The company has beaten analyst earnings estimates by an average of 37.99% over the last year. Short float at 0.42%, which implies a short ratio of 1.59 days. The stock has gained 16.91% over the last year.

* 6. Natural Resource Partners LP (NYSE:NRP): *Industrial Metals and Minerals Industry. Market cap of $3.86B. The company has beaten analyst earnings estimates by an average of 37.21% over the last year. Short float at 0.33%, which implies a short ratio of 0.89 days. The stock has gained 53.18% over the last year.

* 7. ONEOK Inc. (NYSE:OKE):* Gas Utilities Industry. Market cap of $6.11B. The company has beaten analyst earnings estimates by an average of 36.72% over the last year. Short float at 1.79%, which implies a short ratio of 3.09 days. The stock has gained 29.82% over the last year.

* 8. Pioneer Natural Resources Co. (NYSE:PXD):* Independent Oil and Gas Industry. Market cap of $10.67B. The company has beaten analyst earnings estimates by an average of 35.1% over the last year. Short float at 6.44%, which implies a short ratio of 6.75 days. The stock has gained 79.93% over the last year.

* 9. Varian Semiconductor Equipment Associates Inc. (NASDAQ:VSEA):* Semiconductor Equipment and Materials Industry. Market cap of $3.06B. The company has beaten analyst earnings estimates by an average of 33.89% over the last year. Short float at 2.5%, which implies a short ratio of 2.98 days. The stock has gained 16.02% over the last year.

* 10. Apple Inc. (NASDAQ:AAPL):* Personal Computers Industry. Market cap of $315.94B. The company has beaten analyst earnings estimates by an average of 33.25% over the last year. Short float at 0.9%, which implies a short ratio of 0.53 days. The stock has gained 63.5% over the last year.

* 11. XL Group plc (NYSE:XL):* Property and Casualty Insurance Industry. Market cap of $7.2B. The company has beaten analyst earnings estimates by an average of 33.15% over the last year. Short float at 3.74%, which implies a short ratio of 2.82 days. The stock has gained 29.91% over the last year.

* 12. Cypress Semiconductor Corporation (NASDAQ:CY):* Semiconductor Industry. Market cap of $3.37B. The company has beaten analyst earnings estimates by an average of 32.85% over the last year. Short float at 6.19%, which implies a short ratio of 2.67 days. The stock has gained 83.41% over the last year.

* 13. ARM Holdings plc (NASDAQ:ARMH):* Semiconductor Industry. Market cap of $10.58B. The company has beaten analyst earnings estimates by an average of 32.43% over the last year. Short float at 2.61%, which implies a short ratio of 3.41 days. The stock has gained 163.96% over the last year.

* 14. Federal-Mogul Corp. (NASDAQ:FDML):* Auto Parts Industry. Market cap of $2.33B. The company has beaten analyst earnings estimates by an average of 31.97% over the last year. Short float at 0.78%, which implies a short ratio of 6.23 days. The stock has gained 31.09% over the last year.

* 15. Marathon Oil Corporation (NYSE:MRO):* Oil and Gas Refining and Marketing Industry. Market cap of $28.77B. The company has beaten analyst earnings estimates by an average of 30.31% over the last year. Short float at 1.31%, which implies a short ratio of 1.72 days. The stock has gained 30.15% over the last year.

* 16. Shire plc (SHPGY):* Drug Manufacturer. Market cap of $14.49B. The company has beaten analyst earnings estimates by an average of 28.84% over the last year. Short float at 0.88%, which implies a short ratio of 3.26 days. The stock has gained 29.96% over the last year.

* 17. RF Micro Devices Inc. (RFMD):* Semiconductor Industry. Market cap of $2.28B. The company has beaten analyst earnings estimates by an average of 27.88% over the last year. Short float at 7.05%, which implies a short ratio of 2.55 days. The stock has gained 82.82% over the last year.

* 18. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN):* Drug Manufacturer. Market cap of $7.62B. The company has beaten analyst earnings estimates by an average of 25.69% over the last year. Short float at 5.78%, which implies a short ratio of 5.7 days. The stock has gained 79.26% over the last year.

* 19. Dresser-Rand Group Inc. (NYSE:DRC):* Diversified Machinery Industry. Market cap of $3.53B. The company has beaten analyst earnings estimates by an average of 21.79% over the last year. Short float at 2.41%, which implies a short ratio of 2.29 days. The stock has gained 33.62% over the last year.

* 20. Stanley Black & Decker, Inc. (NYSE:SWK):* Machine Tools and Accessories Industry. Market cap of $11.29B. The company has beaten analyst earnings estimates by an average of 21.41% over the last year. Short float at 2.81%, which implies a short ratio of 2.55 days. The stock has gained 22.84% over the last year.

**Disclosure: **I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.