17 Tech Stocks Reporting Earnings Next Week With A History Of Surprising Analysts

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Includes: AAPL, APKT, BIDU, CALX, CYMI, DTLK, EFII, EPAY, FSII, INFA, LRCX, MANH, MSFT, PLCM, SYNA, VMW, WDC
by: Kapitall

Whenever a company releases earnings data that beats analyst expectations, the stock will often rise in value to price in the good news. If you believe that company characteristics can cause EPS surprises to persist across time, this list may be very interesting to you.

We ran a screen on tech stocks that are reporting their quarter 3 earnings next week for those that have consistently beaten their EPS estimates over the last four quarters.

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.‬


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.



Do you think these companies will surprise the market again? Use this list as a starting-off point for your own analysis.

List sorted by average earnings surprise.

1. Calix Inc. (NYSE:CALX):
Communication Equipment Industry. Market cap of $428.33M. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.15 vs. estimate at 0.07 (surprise of 114.3%). In Dec 2010: Reported EPS at 0.26 vs. estimate at 0.21 (surprise of 23.8%). In Mar 2011: Reported EPS at 0.09 vs. estimate at 0.05 (surprise of 80%). In Jun 2011: Reported 0.16 vs. estimate at 0.13 (surprise of 23.1%). [Average earnings surprise at 60.3%]. The stock is currently stuck in a downtrend, trading 8.97% below its SMA20, 28.74% below its SMA50, and 49.76% below its SMA200. The stock has had a couple of great days, gaining 27.36% over the last week. The stock has performed poorly over the last month, losing 23.26%.

2. Datalink Corp. (NASDAQ:DTLK):
Engages in the design, installation, and support of data center solutions to mid and large-size companies. Market cap of $138.85M. Earnings to be announced on 10/19. In Sep 2010: Reported EPS at 0.11 vs. estimate at 0.07 (surprise of 57.1%). In Dec 2010: Reported EPS at 0.24 vs. estimate at 0.22 (surprise of 9.1%). In Mar 2011: Reported EPS at 0.16 vs. estimate at 0.11 (surprise of 45.5%). In Jun 2011: Reported 0.19 vs. estimate at 0.11 (surprise of 72.7%). [Average earnings surprise at 46.1%]. The stock has had a couple of great days, gaining 12.01% over the last week. The stock has performed poorly over the last month, losing 18.16%.

3. Electronics for Imaging, Inc. (NASDAQ:EFII):
Provides color digital print controllers, format printers and inks, and print management solutions worldwide. Market cap of $701.96M. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.23 vs. estimate at 0.13 (surprise of 76.9%). In Dec 2010: Reported EPS at 0.28 vs. estimate at 0.22 (surprise of 27.3%). In Mar 2011: Reported EPS at 0.28 vs. estimate at 0.18 (surprise of 55.6%). In Jun 2011: Reported 0.23 vs. estimate at 0.2 (surprise of 15%). [Average earnings surprise at 43.7%]. The stock has had a couple of great days, gaining 16.37% over the last week.

4. FSI International Inc. (NASDAQ:FSII):
Designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. Market cap of $77.48M. Earnings to be announced on 10/18. In Aug 2010: Reported EPS at 0.17 vs. estimate at 0.15 (surprise of 13.3%). In Nov 2010: Reported EPS at -0.06 vs. estimate at -0.09 (surprise of 33.3%). In Feb 2011: Reported EPS at 0.13 vs. estimate at 0.1 (surprise of 30%). In May 2011: Reported 0.1 vs. estimate at 0.07 (surprise of 42.9%). [Average earnings surprise at 29.88%]. This is a risky stock that is significantly more volatile than the overall market (beta = 2.42). The stock is a short squeeze candidate, with a short float at 9.54% (equivalent to 9.96 days of average volume). The stock has had a couple of great days, gaining 14.94% over the last week.

5. Cymer Inc. (NASDAQ:CYMI):
Engages in the development, manufacture, and marketing of excimer light sources for the manufacturers of photolithography tools in the semiconductor equipment industry. Market cap of $1.33B. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.7 vs. estimate at 0.64 (surprise of 9.4%). In Dec 2010: Reported EPS at 1.08 vs. estimate at 0.68 (surprise of 58.8%). In Mar 2011: Reported EPS at 0.94 vs. estimate at 0.81 (surprise of 16%). In Jun 2011: Reported 0.89 vs. estimate at 0.71 (surprise of 25.4%). [Average earnings surprise at 27.4%]. The stock has had a couple of great days, gaining 19.54% over the last week.

6. Bottomline Technologies Inc. (NASDAQ:EPAY):
Provides electronic payment, invoice, and document automation solutions to corporations, financial institutions, and banks worldwide. Market cap of $774.08M. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.27 vs. estimate at 0.22 (surprise of 22.7%). In Dec 2010: Reported EPS at 0.25 vs. estimate at 0.19 (surprise of 31.6%). In Mar 2011: Reported EPS at 0.26 vs. estimate at 0.2 (surprise of 30%). In Jun 2011: Reported 0.29 vs. estimate at 0.25 (surprise of 16%). [Average earnings surprise at 25.07%]. The stock has had a couple of great days, gaining 11.54% over the last week.

7. Apple Inc. (NASDAQ:AAPL):
Designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. Market cap of $360.46B. Earnings to be announced on 10/18. In Sep 2010: Reported EPS at 4.64 vs. estimate at 4.08 (surprise of 13.7%). In Dec 2010: Reported EPS at 6.43 vs. estimate at 5.4 (surprise of 19.1%). In Mar 2011: Reported EPS at 6.4 vs. estimate at 5.37 (surprise of 19.2%). In Jun 2011: Reported 7.79 vs. estimate at 5.83 (surprise of 33.6%). [Average earnings surprise at 21.4%]. Might be undervalued at current levels, with a PEG ratio at 0.72, and P/FCF ratio at 12.39. The stock has gained 31.64% over the last year.

8. Manhattan Associates, Inc. (NASDAQ:MANH):
Develops and provides supply chain software solutions for the planning and execution of supply chain activities. Market cap of $767.05M. Earnings to be announced on 10/18. In Sep 2010: Reported EPS at 0.32 vs. estimate at 0.27 (surprise of 18.5%). In Dec 2010: Reported EPS at 0.32 vs. estimate at 0.31 (surprise of 3.2%). In Mar 2011: Reported EPS at 0.41 vs. estimate at 0.39 (surprise of 5.1%). In Jun 2011: Reported 0.65 vs. estimate at 0.45 (surprise of 44.4%). [Average earnings surprise at 17.8%]. The stock has had a couple of great days, gaining 14.53% over the last week.

9. SanDisk Corp. (SNDK):
Designs, develops, manufactures, and markets NAND-based flash data storage card products that are used in various consumer electronics products. Market cap of $10.75B. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 1.3 vs. estimate at 1.05 (surprise of 23.8%). In Dec 2010: Reported EPS at 1.27 vs. estimate at 1.1 (surprise of 15.5%). In Mar 2011: Reported EPS at 1.03 vs. estimate at 1 (surprise of 3%). In Jun 2011: Reported 1.14 vs. estimate at 1 (surprise of 14%). [Average earnings surprise at 14.08%]. Might be undervalued at current levels, with a PEG ratio at 0.64, and P/FCF ratio at 8.43. The stock has had a couple of great days, gaining 15.42% over the last week.

10. Microsoft Corporation (NASDAQ:MSFT):
Develops, licenses, and supports a range of software products and services for various computing devices worldwide. Market cap of $227.35B. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.62 vs. estimate at 0.55 (surprise of 12.7%). In Dec 2010: Reported EPS at 0.77 vs. estimate at 0.68 (surprise of 13.2%). In Mar 2011: Reported EPS at 0.61 vs. estimate at 0.56 (surprise of 8.9%). In Jun 2011: Reported 0.69 vs. estimate at 0.58 (surprise of 19%). [Average earnings surprise at 13.45%]. Might be undervalued at current levels, with a PEG ratio at 0.89, and P/FCF ratio at 11.68. The stock has had a couple of great days, gaining 9.82% over the last week.

11. VMware, Inc. (NYSE:VMW):
Provides virtualization and virtualization-based cloud infrastructure solutions primarily in the United States. Market cap of $37.86B. Earnings to be announced on 10/17. In Sep 2010: Reported EPS at 0.39 vs. estimate at 0.35 (surprise of 11.4%). In Dec 2010: Reported EPS at 0.46 vs. estimate at 0.44 (surprise of 4.5%). In Mar 2011: Reported EPS at 0.48 vs. estimate at 0.42 (surprise of 14.3%). In Jun 2011: Reported 0.55 vs. estimate at 0.47 (surprise of 17%). [Average earnings surprise at 11.8%]. The stock has had a couple of great days, gaining 13.64% over the last week.

12. Polycom, Inc. (NASDAQ:PLCM):
Provides communications solutions to enterprise, government, education, and healthcare customers to enable voice, video, and content communications. Market cap of $3.78B. Earnings to be announced on 10/19. In Sep 2010: Reported EPS at 0.19 vs. estimate at 0.18 (surprise of 5.6%). In Dec 2010: Reported EPS at 0.25 vs. estimate at 0.22 (surprise of 13.6%). In Mar 2011: Reported EPS at 0.24 vs. estimate at 0.21 (surprise of 14.3%). In Jun 2011: Reported 0.26 vs. estimate at 0.25 (surprise of 4%). [Average earnings surprise at 9.37%]. The stock has had a couple of great days, gaining 20.98% over the last week.

13. Acme Packet, Inc. (NASDAQ:APKT):
Provides session delivery network solutions that enable the delivery of interactive communications, such as voice, video, and multimedia sessions; and data services across internet protocol (NYSE:IP) network borders. Market cap of $2.65B. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.2 vs. estimate at 0.19 (surprise of 5.3%). In Dec 2010: Reported EPS at 0.26 vs. estimate at 0.23 (surprise of 13%). In Mar 2011: Reported EPS at 0.27 vs. estimate at 0.25 (surprise of 8%). In Jun 2011: Reported 0.29 vs. estimate at 0.27 (surprise of 7.4%). [Average earnings surprise at 8.42%]. The stock has performed poorly over the last month, losing 12.46%.

14. Lam Research Corporation (NASDAQ:LRCX):
Engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. Market cap of $5.20B. Earnings to be announced on 10/19. In Sep 2010: Reported EPS at 1.52 vs. estimate at 1.38 (surprise of 10.1%). In Dec 2010: Reported EPS at 1.74 vs. estimate at 1.57 (surprise of 10.8%). In Mar 2011: Reported EPS at 1.45 vs. estimate at 1.36 (surprise of 6.6%). In Jun 2011: Reported 1.14 vs. estimate at 1.09 (surprise of 4.6%). [Average earnings surprise at 8.02%]. Might be undervalued at current levels, with a PEG ratio at 0.73, and P/FCF ratio at 6.91. The stock has had a couple of great days, gaining 15.71% over the last week.

15. Baidu, Inc. (NASDAQ:BIDU):
Provides Internet search services. Market cap of $43.44B. Earnings to be announced on 10/17. In Sep 2010: Reported EPS at 0.45 vs. estimate at 0.42 (surprise of 7.1%). In Dec 2010: Reported EPS at 0.5 vs. estimate at 0.45 (surprise of 11.1%). In Mar 2011: Reported EPS at 0.47 vs. estimate at 0.45 (surprise of 4.4%). In Jun 2011: Reported 0.72 vs. estimate at 0.66 (surprise of 9.1%). [Average earnings surprise at 7.92%]. The stock has had a couple of great days, gaining 18.43% over the last week. The stock has performed poorly over the last month, losing 13.29%.

16. Synaptics Inc. (NASDAQ:SYNA):
Develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. Market cap of $884.08M. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.67 vs. estimate at 0.65 (surprise of 3.1%). In Dec 2010: Reported EPS at 0.72 vs. estimate at 0.68 (surprise of 5.9%). In Mar 2011: Reported EPS at 0.55 vs. estimate at 0.48 (surprise of 14.6%). In Jun 2011: Reported 0.57 vs. estimate at 0.54 (surprise of 5.6%). [Average earnings surprise at 7.3%]. The stock is a short squeeze candidate, with a short float at 21.69% (equivalent to 14.66 days of average volume). The stock has had a couple of great days, gaining 18.39% over the last week.

17. Informatica Corporation (NASDAQ:INFA):
Provides enterprise data integration and data quality software and services worldwide. Market cap of $4.81B. Earnings to be announced on 10/20. In Sep 2010: Reported EPS at 0.28 vs. estimate at 0.26 (surprise of 7.7%). In Dec 2010: Reported EPS at 0.39 vs. estimate at 0.37 (surprise of 5.4%). In Mar 2011: Reported EPS at 0.28 vs. estimate at 0.26 (surprise of 7.7%). In Jun 2011: Reported 0.33 vs. estimate at 0.31 (surprise of 6.5%). [Average earnings surprise at 6.82%]. The stock has had a couple of great days, gaining 14.24% over the last week.

*EPS data sourced from Yahoo! Finance, all other data sourced from Finviz. Data pulled 10/12/11

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