Stocks To Watch: Ingersoll Rand, Qorvo

 

The Background: As earnings continue to be announced, many investors are looking at short-term plays to profit from earnings beats. Of the stocks reporting earnings next week, Corteva, Everest Re Group, Garmin, Paycom Software, and Qorvo all have a consistent history over the last decade of beating earnings by double digits.  Zoom In: Looking at just the last five years of data, the top companies remain similar, with four of the top five performers over the last decade also being in the top five over the last five years.  Top Performers: Everest Re Group and Corteva are the top two companies with significantly better track records. Everest Re Group reports on May 2, while Corteva will report on May 4.

Stock to Watch: Ingersoll Rand Inc. (NYSE: IR) Ingersoll Rand Inc. has a five-year median earnings surprise of 9.95%. The average one-day performance after earnings for Ingersoll Rand Inc. over the past five years has been 0.53%. Ingersoll Rand Inc. has achieved a beat rate of 100.00% in the last five years. The 10-year median earnings surprise for Ingersoll Rand Inc. stands at 9.95%. Ingersoll Rand Inc. has a beat rate of 100.00% over the past 10 years. On average, Ingersoll Rand Inc. has seen a 0.93% one-day performance after earnings over the last 10 years.

Stock to Watch: Qorvo, Inc. (NASDAQ: QRVO) Qorvo, Inc. has a five-year median earnings surprise of 13.57%. The average one-day performance after earnings for Qorvo, Inc. over the past five years has been 1.42%. Qorvo, Inc. has achieved a beat rate of 100.00% in the last five years. The 10-year median earnings surprise for Qorvo, Inc. stands at 10.18%. Qorvo, Inc. has a beat rate of 92.50% over the past 10 years. On average, Qorvo, Inc. has seen a 1.06% one-day performance after earnings over the last 10 years.

Stock to Watch: CDW Corporation (NASDAQ: CDW) CDW Corporation has a five-year median earnings surprise of 7.29%. The average one-day performance after earnings for CDW Corporation over the past five years has been 1.43%. CDW Corporation has achieved a beat rate of 100.00% in the last five years. The 10-year median earnings surprise for CDW Corporation stands at 6.79%. CDW Corporation has a beat rate of 100.00% over the past 10 years. On average, CDW Corporation has seen a 1.66% one-day performance after earnings over the last 10 years.

Stock to Watch: EPAM Systems, Inc. (NYSE: EPAM) EPAM Systems, Inc. has a five-year median earnings surprise of 7.09%. The average one-day performance after earnings for EPAM Systems, Inc. over the past five years has been 2.28%. EPAM Systems, Inc. has achieved a beat rate of 100.00% in the last five years. The 10-year median earnings surprise for EPAM Systems, Inc. stands at 5.09%. EPAM Systems, Inc. has a beat rate of 87.50% over the past 10 years. On average, EPAM Systems, Inc. has seen a 1.63% one-day performance after earnings over the last 10 years.

Stock to Watch: AMETEK, Inc. (NYSE: AME) AMETEK, Inc. has a five-year median earnings surprise of 5.34%. The average one-day performance after earnings for AMETEK, Inc. over the past five years has been 1.2%. AMETEK, Inc. has achieved a beat rate of 100.00% in the last five years. The 10-year median earnings surprise for AMETEK, Inc. stands at 4.04%. AMETEK, Inc. has a beat rate of 90.00% over the past 10 years. On average, AMETEK, Inc. has seen a 0.61% one-day performance after earnings over the last 10 years.

Stock to Watch: Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Regeneron Pharmaceuticals, Inc. has a five-year median earnings surprise of 14.2%. The average one-day performance after earnings for Regeneron Pharmaceuticals, Inc. over the past five years has been 1.16%. Regeneron Pharmaceuticals, Inc. has achieved a beat rate of 95.00% in the last five years. The 10-year median earnings surprise for Regeneron Pharmaceuticals, Inc. stands at 9.91%. Regeneron Pharmaceuticals, Inc. has a beat rate of 80.00% over the past 10 years. On average, Regeneron Pharmaceuticals, Inc. has seen a 1.07% 1-day performance after earnings over the last 10 years.