Looking to trade on earnings season? To create this stock list we sorted through a list of S&P stocks reporting earnings this week (April 29-May 3) for those with a history of surprising the market with positive earnings reports, with an average earnings surprise of at least 5% over the last five quarterly reports.
A history of beating expectations implies the market is consistently undervaluing their strength. Investors must decide if such a history, and possibility of new disappointments, are worth trading on.
Business Section: Investing Ideas
Do you think these S&P 500 companies with consecutive positive earnings surprises will continue their streak?
Interactive Chart: Use the Compar-O-Matic to observe average analyst recommendations for some of the companies listed below-
Analyze These Ideas: Getting Started
1. American International Group, Inc. (AIG): The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. Market cap at $62.42B, most recent closing price at $42.28. Earnings date: 5/02.
In Mar 2012: Reported EPS at 1.65 vs. estimate at 1.12 (surprise of 47.3%). In Jun 2012: Reported EPS at 1.06 vs. estimate at 0.57 (surprise of 86%). In Sep 2012: Reported EPS at 1 vs. estimate at 0.86 (surprise of 16.3%). In Dec 2012: Reported 0.2 vs. estimate at -0.08 (surprise of 350%. [Average earnings surprise at 124.9%].