The earnings season has witnessed companies delivering better-than-expected results. As the season moves into next week, CNBC Pro has identified stocks that could potentially climb on the back of strong earnings reports, based on data from Bespoke Investment Group.
RingCentral, the cloud communications company, has consistently surpassed earnings expectations 98% of the time, leading to an average gain of nearly 3% following results. The company is set to report first-quarter results on May 7th.
Dine Brands, the parent company of IHOP and Applebee’s, has a history of beating earnings estimates 81% of the time, with an average post-earnings gain of 2.1%. The company will release first-quarter earnings on May 8th.
Datadog, the cloud security company, has an unblemished record of surpassing analysts’ estimates for quarterly results, accompanied by an average post-earnings gain of nearly 4%.
Other stocks on the list scheduled to report results next week include Fabrinet and Trex.
