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The following is a list of stocks releasing earnings over the next four days. Additionally, all of these companies are undervalued when comparing the current price against the average analyst target price (used as a proxy for fair value).

Although this is a crude way to find undervalued companies, our goal is to give you a starting point for your own analysis.

Given that these companies are releasing earnings and that analysts seem to think that these stocks are deeply undervalued, which of these names do you think is more likely to surprise on the upside? Full details below.

1. KB Home (NYSE:KBH): Residential Construction Industry. Market cap of $1.09B. Earnings release scheduled for Apr-05. There is a 26.81% of upside potential when comparing the current market price ($12.27) vs. the target price ($15.56). It's been a rough couple of days for the stock, losing 6.96% over the last week.

2. Mobile Telesystems OJSC (NYSE:MBT): Wireless Communications Industry. Market cap of $20.64B. Earnings release scheduled for Apr-05. There is a 25.87% of upside potential when comparing the current market price ($21.26) vs. the target price ($26.76). The stock has had a good month, gaining 11.78%. 


3. Zep, Inc. (NYSE:ZEP): Cleaning Products Industry. Market cap of $379.80M. Earnings release scheduled for Apr-05. There is a 21.46% of upside potential when comparing the current market price ($17.29) vs. the target price ($21.0). The stock has lost 24.91% over the last year. 


4. AngioDynamics Inc. (NASDAQ:ANGO): Medical Instruments & Supplies Industry. Market cap of $379.59M. Earnings release scheduled for Apr-05. There is a 11.77% of upside potential when comparing the current market price ($15.21) vs. the target price ($17.0). Relatively low correlation to the market (beta = 0.68), which may be appealing to risk averse investors. The stock has performed poorly over the last month, losing 10.05%. 



5. Ruby Tuesday, Inc. (NYSE:RT): Restaurants Industry. Market cap of $856.69M. Earnings release scheduled for Apr-06. There is a 34.37% of upside potential when comparing the current market price ($13.24) vs. the target price ($17.79). The stock is a short squeeze candidate, with a short float at 6.5% (equivalent to 5.38 days of average volume). The stock has had a couple of great days, gaining 5.6% over the last week.

*All data sourced from Finviz.

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

Source: Top 5 Most Undervalued Stocks Releasing Earnings This Week

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