Investors are eyeing stocks with high earnings surprise potential ahead of the upcoming earnings season. A recent analysis highlighted four companies likely to beat market expectations: Amazon.com (AMZN), Maplebear Inc. (CART), Exelixis (EXEL), and Doximity (DOCS). Amazon has an average earnings surprise of 25.85% over the past four quarters, while Maplebear boasts a remarkable 442.44% average surprise.
Maplebear is a grocery technology firm focused on reshaping shopping experiences in North America. Exelixis, an oncology-focused biotechnology company, has a 26.52% surprise average, while Doximity provides a digital platform for medical professionals and has an average surprise of 22.12%. These companies have been selected based on their recent performance and growth potential, with specific criteria including a history of earnings surprises and a Zacks Rank of 1 or 2.
The analysis filtered over 7,700 stocks down to 20 candidates, relying on parameters such as last EPS surprise exceeding 10%, and expected EPS growth greater than 10% per year. These stocks are now on the radar for those seeking to capitalize on upcoming earnings reports.
