Some stocks set to report quarterly results next week could be poised for a noteworthy move going by their history. The earnings season so far has seen companies post better-than-expected results . Thursday will see names including Apple and Coinbase report after the closing bell. As the earnings season continues into next week, CNBC Pro scanned for stocks that could climb on the heels of a strong earnings report, using data from Bespoke Investment Group. Specifically, we looked for stocks that have surpassed earnings per share forecasts, on average, at least 75% of the time. Then, we further culled the list by looking for stocks that also posted at least a 2% move, on average, following that beat. RingCentral made the list. Shares of the cloud communications company have ticked down 11.1% in 2024. However, the company has historically surpassed earnings expectations 98% of the time, which has led to a nearly 3% climb following results, according to Bespoke. RingCentral is slated to post first-quarter results on May 7. While 44% of analysts polled by FactSet maintain either a buy or overweight rating on the stock, their average price targets imply nearly 29% upside moving forward. RNG YTD mountain RingCentral stock. Dine Brands also made the cut. Shares of the IHOP and Applebee’s parent company have slumped more than 12% in 2024, and first-quarter earnings are due out on May 8. The company has a history of beating earnings estimates 81% of the time, and has seen its stock rise 2.1% following quarterly results, on average, Bespoke data shows. About 60% of analysts polled by FactSet are buy or overweight rated on Dine Brands stock, with their average price targets implying more than 34% upside ahead. The company recently announced changes to its application program interfaces, which will see the APIs powered by artificial intelligence. DIN YTD mountain Dine Brands stock. Datadog has an unblemished record of surpassing analysts’ estimates for quarterly results, and has seen its stock move up nearly 4% following earnings. Shares of the cloud security company have climbed roughly 5% in 2024. About 70% of analysts polled by FactSet rate shares at either buy or overweight, with their average price targets calling for about 17% upside moving forward. DDOG YTD mountain Datadog stock. Wells Fargo analyst Andrew Nowinski upgraded Datadog stock to overweight last month, and highlighted the company’s potential growth due to generative AI as customers seek to update their infrastructure. Other names on the list reporting results next week include Fabrinet and Trex .
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