Only 2 stocks in Europe have beaten estimates for 5 quarters and rallied each time

Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by

Pro. Italian bank UniCredit and Portugal's Banco Comercial Portugues are the only stocks in the Stoxx Europe 600 index that beat analysts' earnings per share estimates every quarter over the period and had their shares rise in the following session. Pro screened for stocks that report EPS figures and have analysts' estimates available on FactSet. Several companies do not provide EPS data every quarter and were excluded. UniCredit stood out for several large share price jumps following quarterly earnings releases. Most recently, on Feb. 5, the company beat earnings estimates by 6.1% and shares rallied more than 8% in the following session. Four quarters ago, the stock rallied by 12.8% in a single session following earnings.

Pro's list as it missed expectations for the quarter ending June 2023 last year.

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