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Looking to trade on earnings season results? Is so, get ready for an interesting week. Of the nearly 500 stocks that have a strong and consistent history of positive earning surprises, meaning they have consistently beaten analyst expectations, more than 150 will be reporting next week.
We decided to take a closer look at this universe of stocks to see if there is a chance their winning streak will continue for another season.
The stocks in our starting universe boast 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.
To find candidates for a winning streak we looked for bullish signals from institutional investors, such has hedge funds. Because these money managers typically have more access to market data than the average investor, their trading decisions can help signal for what's to come. We specifically screened for
net institutional purchases in the current quarter that represent more than 5% of share float.
Twenty-five stocks made the cut, but we took our screen a step further to pull out names
offering a dividend. A strong earnings could lead to a boost in yield, so income investors may want to keep an eye out.
Twelve stocks are on our final list, which has an average 1-year return of
45% and an average dividend yield of 2.75%. Use this list as a starting point for your own analysis.
Interactive chart. Press play to see changes in dividend yield for the first nine stocks on this list. Click through to access more tools, open a practice trading account, and more1. Banner Corporation (BANR): Operates as the holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities.
Market cap at $577.38M, most recent closing price at $29.67.