According to Bespoke, the companies listed below have outperformed earnings per share projections at least 80% of the time and delivered an average one-day stock price return of more than 1%. All of the companies had at least ten quarters of data to analyze.
Smaller banks, such as Citizens Financial and Signature Bank, are among those listed. According to Bespoke, these stocks have a one-day rise of 1.53 percent to 1.69 percent on average.
SVB Financial has the best track record for both earnings beats and average moves on the list. With an average gain of 2.1 percent, the company has outperformed expectations more than 90 percent of the time.
Citizens and SVB have already outperformed the broader market this year, with Citizens rising about 22% and 46%, respectively, while SVB has risen more than 80%.
ManpowerGroup may be worth investigating for investors looking for a boost in guidance. In roughly 27 percent of its reports, the company raised its forward projections, in addition to a high beat rate on earnings per share.
The personnel services stock has gained about 27% year to date, but shares have only gained about 4% in the last three months.
To be sure, recent earnings beats have elicited lukewarm reactions on Wall Street, prompting some strategists to speculate that the good news of a big earnings season has already been priced in for many stocks.