Do you like to follow earnings season? Although this earnings season is well underway, there are still many names that haven't yet reported their results. For a closer look at companies reporting this week, we ran a screen.
We screened the stocks reporting earnings this 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.
On average, these stocks have a 70% 1-year return, and all have buy ratings according to average analyst ratings sourced from Zacks Investment Research.
Do you believe these names have what it takes to continue their winning streak for a 6th reporting period? List sorted by earnings date.
1. OMNOVA Solutions Inc. (NYSE:OMN): Provides emulsion polymers, specialty chemicals, and decorative and functional surfaces for commercial, industrial, and residential end uses primarily in North America, Asia, and Europe. Market cap at $409.24M, most recent closing price at $8.78. In Aug 2011: Reported EPS at 0.09 vs. estimate at 0.05 (surprise of 80%). In Nov 2011: Reported EPS at 0.14 vs. estimate at 0.07 (surprise of 100%). In Feb 2012: Reported EPS at 0.22 vs. estimate at 0.1 (surprise of 120%). In May 2012: Reported 0.16 vs. estimate at 0.15 (surprise of 6.7%. [Average earnings surprise at 76.68%]. Earnings date: 09/25/12
2. Progress Software Corp. (NASDAQ:PRGS): Operates as an enterprise software company worldwide. Market cap at $1.29B, most recent closing price at $20.43. In Aug 2011: Reported EPS at 0.31 vs. estimate at 0.29 (surprise of 6.9%). In Nov 2011: Reported EPS at 0.34 vs. estimate at 0.33 (surprise of 3%). In Feb 2012: Reported EPS at 0.28 vs. estimate at 0.25 (surprise of 12%). In May 2012: Reported 0.21 vs. estimate at 0.17 (surprise of 23.5%. [Average earnings surprise at 11.35%]. Earnings date: 09/26/12
3 Accenture plc (NYSE:ACN): Operates as a management consulting, technology services, and outsourcing company. Market cap at $45.2B, most recent closing price at $65.25. In Aug 2011: Reported EPS at 0.91 vs. estimate at 0.89 (surprise of 2.2%). In Nov 2011: Reported EPS at 0.96 vs. estimate at 0.94 (surprise of 2.1%). In Feb 2012: Reported EPS at 0.97 vs. estimate at 0.86 (surprise of 12.8%). In May 2012: Reported 1.03 vs. estimate at 0.99 (surprise of 4%. [Average earnings surprise at 5.27%]. Earnings date: 09/27/12
4. Actuant Corporation (NYSE:ATU): Actuant Corp. manufactures and markets industrial products and systems worldwide. Market cap at $2.26B, most recent closing price at $31.09. In Aug 2011: Reported EPS at 0.5 vs. estimate at 0.46 (surprise of 8.7%). In Nov 2011: Reported EPS at 0.5 vs. estimate at 0.43 (surprise of 16.3%). In Feb 2012: Reported EPS at 0.43 vs. estimate at 0.38 (surprise of 13.2%). In May 2012: Reported 0.6 vs. estimate at 0.59 (surprise of 1.7%. [Average earnings surprise at 9.98%]. Earnings date: 09/27/12
*EPS data sourced from Yahoo! Finance, all other 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. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.