Wall Street is bracing for another busy week of earnings as the reporting period reaches its halfway point — and certain stocks are likely to perform better on the back of their reports. Approximately 29% of the S & P 500 is set to report next week. Apple will be one of the most anticipated companies. Several pharmaceutical companies, including Amgen , Eli Lilly and Moderna are also scheduled to announce their quarterly results.
Pro screened for companies reporting next week that have a record of outperformance. The following stocks have beat analyst expectations at least 85% of the time and rise at least 1% on average after they release their earnings results, per data from Bespoke Investment Group. Apple Investors will be keeping an eye on Apple on Thursday after the bell to gauge demand for its products and services, particularly sales data from China following the launch of the iPhone 15 line.
mountain ANET in 2023 Workiva Workiva is another cloud software company that made the cut. The company has the highest earnings day jump on the list, with shares gaining 2.46% on average after its results come out. Workiva also has a strong history of outperforming estimates, with 100% and 97% earnings and revenue beat rates, respectively. Workiva shares have tumbled about 16% from their year-to-date highs in September, paring some of the stock's year-to-date gains down to 12.5%.
's Michael Bloom contributed to this report.