NEW YORK ( TheStreet) -- Chevron ( CVX), Caterpillar ( CAT) and Viad ( VVI) are among the nine stocks reporting quarterly earnings Friday.

These nine stocks have an upside potential of 4% to 39% and a mean upside value of 15%. Based on analysts' 12-month price targets and superior buy and hold ratings, these stocks are likely to outperform their peers.

Among these stocks, Caterpillar ( CAT), ITT ( ITT) and Chevron ( CVX), have high dividend yields of 1.9% and 1.9% and 3.1%.

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9. QR Energy ( QRE), owns and acquires properties which produce oil and natural gas in North America. Its properties which are spread across four regions are mature, legacy onshore oil and natural gas reservoirs with long-lived, predictable production profiles. The company will announce its first quarter results on April 29.

For the first quarter of 2011, the company estimates capital expenditure to be around $3.1 million. Meanwhile, average net daily production is seen ranging between $5,200 to $5,400 barrels of oil equivalent (boe) per day, being negatively affected by 100 boe per day. For full year 2011, production levels are likely to range between $5,100 and $5,400 boe per day.

Of the 7 analysts covering the stock, 71% recommend a buy, while remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 4% to $23.5 in value from current levels.

8. Viad ( VVI) is involved in providing exhibition, event and retail marketing services in North America, U.K. and the United Arab Emirates, as well as travel and recreation services in the U.S. and Canada. The company will announce its first quarter results on April 29.

For 2011 first quarter, net income is estimated to come in at $5.54 million on sales of $272 million, as compared to a net loss of $0.46 million recorded on sales of $224.35 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 28 cents for the quarter, compared to loss of 2 cents registered in 2010 first quarter.

Of the three analysts covering the stock, 33% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 5.2% to $25.0 from current levels over the next 12 months.

7. Caterpillar ( CAT) manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Broadly its products are divided into three - Machinery, Engines and Financial. The company will announce its first quarter results on April 29.

Net income for the first quarter is estimated at $846.2 million on sales of $11.53 billion, higher than net income of $323 million recorded on $8.24 billion sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at $1.31 for the quarter, as compared to 50 cents registered in 2010 first quarter. Meanwhile, dividend per share is seen coming in at 44 cents as compared to nil in the year ago period.

Of the 21 analysts covering the stock, 62% recommend a buy, while remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 6.4% to $119.8 from current levels over the next 12 months.

6. ITT ( ITT), a global engineering and manufacturing organization, designs, manufactures and sales a range of engineered products. The products are used in three markets - global defense and security, water and fluids management, and motion and flow control. It has its operations in 60 countries, and sales presence in more than 125 countries. The company will announce its first quarter results on April 29.

For the first quarter of 2011, net income is estimated at $175 million on sales of $2,639.3 million, as compared to $156 million recorded on $2,636 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 93 cents for the quarter, as compared to 84 cents registered in 2010 first quarter. Meanwhile, return on assets is seen coming in at 5.9% as compared to 5.6% in the year ago period. Also, dividend per share is seen increasing by 6% for the same period.

Of the 20 analysts covering the stock, 30% recommend a buy, while 60% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 9.2% to $64.7 from current levels over the next 12 months.

5. Chevron ( CVX), manages its investments in subsidiaries and affiliates by providing administrative, financial, management and technology support to U.S. and international subsidiaries that engage in petroleum operations, chemicals operations, mining operations, power generation and energy services. The company will announce its first quarter results on April 29.

Net income for the first quarter is estimated to increase by 27% to $6.01 billion with sales surging by 37% to $64.26 billion, as per analysts polled by Bloomberg. Earnings per share are forecast at $3.02 for the quarter, as compared to $2.36 in the 2010 first quarter. For the same period, operating profit is seen rising to $7.76 billion from $6.23 billion. Meanwhile, dividend per share is seen rising to 73 cents from 68 cents in the year ago period.

Of the 25 analysts covering the stock, 76% recommends a buy, while the remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain almost 11.3% to $121.3 from current levels over the next 12 months.

4. Universal Truckload Services ( UACL) is mainly an asset-light provider of transportation services to shippers throughout the U.S. and in the Canadian provinces of Ontario and Quebec. Besides, it also provides truck brokerage services, full service international freight forwarding and customs house brokerage services. The company will announce its first quarter results on April 29.

Net income for the first quarter is estimated at $2.15 million on sales of $153 million, as compared to $2.07 million recorded on $139.04 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 13 cents for the quarter. Gross margin for the quarter is forecasted to increase to 23.5% from 22.25% recorded in the year ago quarter.

Of the 6 analysts covering the stock, 33% recommends a buy, while remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain almost 17.2% to $18.3 from current levels over the next 12 months.

3. China Sunergy ( CSUN), through its wholly owned subsidiary China Sunergy (Nanjing), designs, develops, manufactures and sells solar cells. It produces both monocrystalline and multi-crystalline silicon solar cells. The company will announce its first quarter results on April 29.

For the first quarter of 2011, the company estimates shipments to range between 98 megawatts to 110 megawatts as compared to 94.5 recorded in the fourth quarter of 2010. Meanwhile, it forecasts gross margin for the quarter to be approximately between 9%-10.5%, with an integrated margin between 14%-15%.

Of the 6 analysts covering the stock, 17% recommends a buy, while 67% suggest a hold. Analysts polled by Bloomberg expect the stock to gain almost 17.7% to $4.3 from current levels over the next 12 months.

2. Olympic Steel ( ZEUS), U.S.-based steel service center, is mainly involved in the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. It acts as an intermediary between steel producers and manufacturers that require processed steel for their operations. The company will announce its first quarter results on April 29.

For the first quarter of 2011, net income is estimated at $4.07 million on sales of $256.2 million, as compared to $1.71 million recorded on $167.9 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 39 cents for the quarter, a 141% increase from 2010 first quarter. The company's operating profit is seen rising by 89% to $6.30 million from $3.33 million in the year ago period.

Of the 7 analysts covering the stock, 14% recommend a buy while 71% suggest a hold. On an average, analysts polled by Bloomberg expect the stock to gain almost 22.2% to $37.0 from current levels over the next 12 months.

1. Senomyx ( SNMX) is mainly focused on using taste receptor-based assays and screening technologies to discover and develop flavors, flavor enhancers and bitter blockers for the packaged food, beverage and ingredient supply industries. It has product discover and development agreements with companies like PepsiCo, Nestle, Campbell Soup and many more. The company will announce its first quarter results on April 29.

For the first quarter of 2011, net loss of the company is seen narrowing down to $2.43 million from $3.34 million recorded in the year ago quarter. Also, for the same period net sales are seen rising to $7.77 million from $7.73 million. Earnings per share for the quarter are seen narrowing down to 6 cents per share as compared to 10 cents in the year ago period.

Of the 5 analysts covering the stock, 80% recommend a buy. Analysts polled by Bloomberg expect the stock to gain an average 39.3% to $8.4 from current levels over the next 12 months.

>>To see these stocks in action, visit the 9 Earnings to Watch Friday portfolio on Stockpickr.

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