News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 72%

Unicredit Spa News

Banco Comercial Portugues SA,Societe Generale SA,Banco De Sabadell SA

CNBC Pro screened for European stocks that beat analysts' earnings-per-share estimates and saw shares rise in the following session.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks are well-liked by analysts and can protect your portfolio in times of sell-offCNBC Pro screened for fortress-like names to consider amid a downturn.
Source: CNBC - 🏆 12. / 72 Read more »

When Tesla shares rise — these 7 stocks have tended to rise too, according to recent historyCNBC Pro screened for stocks that were correlated to Tesla's over recent weeks.
Source: CNBC - 🏆 12. / 72 Read more »

When Tesla shares fall, these 6 stocks tend to rise, according to recent historyCNBC Pro screened for stocks that were inversely correlated to Tesla's over recent weeks.
Source: CNBC - 🏆 12. / 72 Read more »

These 10 oil stocks are the most — and least — sensitive to price swings amid Iran-Israel tensionsCNBC Pro screened for stocks that are highly correlated with Brent crude oil prices.
Source: CNBC - 🏆 12. / 72 Read more »

These 4 stocks can help investors play defense as inflation rattles the marketCNBC Pro screened for S&P 500 stocks that fit the bill as defensive options.
Source: CNBC - 🏆 12. / 72 Read more »