As earnings season wraps up, we decided to screen the S&P 500 for stocks with a recent history of positive earnings surprises, for 4 consecutive quarters, that have yet to report their earnings. (For S&P 500 stocks that have now reported 5 consequitve earnings surprises, click here)
The concept of an earnings surprise is pretty straight-forward – the quarterly earnings come out, and earnings analysts are “surprised” by how they don’t match up to their predictions. “Surprise” doesn’t necessarily have to mean shocking either, it can be the difference of a few cents between what earning analysts predicted and what the company actually reports. To be clear, earnings typically refer to after-tax net income. For this list we only use positive surprises.
Business Section: Investing Ideas
The following companies will report their earnings within the next week and a half. Do you think they can post a fifth consecutive quarter of positive surprises and join just 15 other S&P 500 stocks? It would be quite a feat.
Use the list below as a starting point for your own analysis.
Interactive Chart: Use the Compar-O-Matic to compare market caps for the stocks mentioned below:
1. CBS Corporation (CBS, Earnings, Analysts, Financials): Operates as a mass media company in the United States and internationally. Market cap at $20.01B, most recent closing price at $30.87. In Jun 2011: Reported EPS at 0.58 vs. estimate at 0.46 (surprise of 26.1%). In Sep 2011: Reported EPS at 0.5 vs. estimate at 0.46 (surprise of 8.7%). In Dec 2011: Reported EPS at 0.57 vs. estimate at 0.53 (surprise of 7.5%). In Mar 2012: Reported 0.54 vs. estimate at 0.44 (surprise of 22.7%. [Average earnings surprise at 16.25%]. Earnings report 8/2.
2. Cummins Inc. (CMI, Earnings, Analysts, Financials): Designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. Market cap at $16.81B, most recent closing price at $87.46. In Jun 2011: Reported EPS at 2.41 vs. estimate at 2.01 (surprise of 19.9%). In Sep 2011: Reported EPS at 2.35 vs. estimate at 2.25 (surprise of 4.4%). In Dec 2011: Reported EPS at 2.56 vs. estimate at 2.23 (surprise of 14.8%). In Mar 2012: Reported 2.38 vs. estimate at 2.22 (surprise of 7.2%. [Average earnings surprise at 11.58%]. Earnings report 7/31.
3. Covidien plc (COV, Earnings, Analysts, Financials): Develops, manufactures, and sells healthcare products for use in clinical and home settings in the United States and internationally. Market cap at $24.77B, most recent closing price at $51.36. In Jun 2011: Reported EPS at 1.01 vs. estimate at 0.95 (surprise of 6.3%). In Sep 2011: Reported EPS at 1.08 vs. estimate at 1.05 (surprise of 2.9%). In Dec 2011: Reported EPS at 1.13 vs. estimate at 1.03 (surprise of 9.7%). In Mar 2012: Reported 1.05 vs. estimate at 1.03 (surprise of 1.9%. [Average earnings surprise at 5.2%]. Earnings report 7/26.
4. Denbury Resources Inc. (DNR, Earnings, Analysts, Financials): Engages in the acquisition, exploitation, drilling, and extraction of oil and natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. Market cap at $5.8B, most recent closing price at $14.85. In Jun 2011: Reported EPS at 0.36 vs. estimate at 0.33 (surprise of 9.1%). In Sep 2011: Reported EPS at 0.37 vs. estimate at 0.29 (surprise of 27.6%). In Dec 2011: Reported EPS at 0.45 vs. estimate at 0.33 (surprise of 36.4%). In Mar 2012: Reported 0.41 vs. estimate at 0.38 (surprise of 7.9%. [Average earnings surprise at 20.25%]. Earnings report 8/2.
5. Duke Energy Corporation (DUK, Earnings, Analysts, Financials): Operates as an energy company in the Americas. Market cap at $86.76B, most recent closing price at $65.50. In Jun 2011: Reported EPS at 0.99 vs. estimate at 0.92 (surprise of 7.6%). In Sep 2011: Reported EPS at 1.5 vs. estimate at 1.39 (surprise of 7.9%). In Dec 2011: Reported EPS at 0.72 vs. estimate at 0.64 (surprise of 12.5%). In Mar 2012: Reported 1.14 vs. estimate at 1.09 (surprise of 4.6%. [Average earnings surprise at 8.15%]. Earnings report 8/2.
6. EOG Resources, Inc. (EOG, Earnings, Analysts, Financials): Engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago, the United Kingdom, and the People’s Republic of China. Market cap at $26.2B, most recent closing price at $97.20. In Jun 2011: Reported EPS at 1.11 vs. estimate at 0.79 (surprise of 40.5%). In Sep 2011: Reported EPS at 0.83 vs. estimate at 0.78 (surprise of 6.4%). In Dec 2011: Reported EPS at 1.15 vs. estimate at 0.88 (surprise of 30.7%). In Mar 2012: Reported 1.17 vs. estimate at 1.16 (surprise of 0.9%. [Average earnings surprise at 19.62%]. Earnings report 8/3.
7. Harley-Davidson, Inc. (HOG, Earnings, Analysts, Financials): Produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. Market cap at $10.01B, most recent closing price at $43.24. In Jun 2011: Reported EPS at 0.81 vs. estimate at 0.71 (surprise of 14.1%). In Sep 2011: Reported EPS at 0.78 vs. estimate at 0.76 (surprise of 2.6%). In Dec 2011: Reported EPS at 0.24 vs. estimate at 0.23 (surprise of 4.3%). In Mar 2012: Reported 0.74 vs. estimate at 0.72 (surprise of 2.8%. [Average earnings surprise at 5.95%]. Earnings report 8/1.
8. Starwood Hotels & Resorts Worldwide Inc. (HOT, Earnings, Analysts, Financials): Operates as a hotel and leisure company worldwide. Market cap at $10.02B, most recent closing price at $50.72. In Jun 2011: Reported EPS at 0.5 vs. estimate at 0.46 (surprise of 8.7%). In Sep 2011: Reported EPS at 0.42 vs. estimate at 0.39 (surprise of 7.7%). In Dec 2011: Reported EPS at 0.71 vs. estimate at 0.57 (surprise of 24.6%). In Mar 2012: Reported 0.63 vs. estimate at 0.52 (surprise of 21.2%. [Average earnings surprise at 15.55%]. Earnings report 7/26.
9. International Paper Co. (IP, Earnings, Analysts, Financials): Operates as a paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia, and north Africa. Market cap at $14.04B, most recent closing price at $32.11. In Jun 2011: Reported EPS at 0.8 vs. estimate at 0.67 (surprise of 19.4%). In Sep 2011: Reported EPS at 0.92 vs. estimate at 0.8 (surprise of 15%). In Dec 2011: Reported EPS at 0.66 vs. estimate at 0.61 (surprise of 8.2%). In Mar 2012: Reported 0.57 vs. estimate at 0.5 (surprise of 14%. [Average earnings surprise at 14.15%]. Earnings report 7/26.
10. Mastercard Incorporated (MA, Earnings, Analysts, Financials): Provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers’ cheque programs. Market cap at $52.57B, most recent closing price at $415.98. In Jun 2011: Reported EPS at 4.76 vs. estimate at 4.23 (surprise of 12.5%). In Sep 2011: Reported EPS at 5.63 vs. estimate at 4.82 (surprise of 16.8%). In Dec 2011: Reported EPS at 4.03 vs. estimate at 3.91 (surprise of 3.1%). In Mar 2012: Reported 5.36 vs. estimate at 5.3 (surprise of 1.1%. [Average earnings surprise at 8.38%]. Earnings report 8/1.
11. MetLife, Inc. (MET, Earnings, Analysts, Financials): Provides insurance, annuities, and employee benefit programs primarily in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East. Market cap at $30.96B, most recent closing price at $29.15. In Jun 2011: Reported EPS at 1.24 vs. estimate at 1.1 (surprise of 12.7%). In Sep 2011: Reported EPS at 1.11 vs. estimate at 1.06 (surprise of 4.7%). In Dec 2011: Reported EPS at 1.31 vs. estimate at 1.25 (surprise of 4.8%). In Mar 2012: Reported 1.37 vs. estimate at 1.29 (surprise of 6.2%. [Average earnings surprise at 7.1%]. Earnings report 8/1.
12. Mylan, Inc. (MYL, Earnings, Analysts, Financials): Engages in the development, manufacture, marketing, licensing, and distribution of generic and branded generic pharmaceuticals, specialty pharmaceuticals, and active pharmaceutical ingredients (APIs) worldwide. Market cap at $9.43B, most recent closing price at $22.0. In Jun 2011: Reported EPS at 0.52 vs. estimate at 0.45 (surprise of 15.6%). In Sep 2011: Reported EPS at 0.55 vs. estimate at 0.51 (surprise of 7.8%). In Dec 2011: Reported EPS at 0.53 vs. estimate at 0.5 (surprise of 6%). In Mar 2012: Reported 0.52 vs. estimate at 0.5 (surprise of 4%. [Average earnings surprise at 8.35%]. Earnings report 7/26.
13. Noble Energy, Inc. (NBL, Earnings, Analysts, Financials): Engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. Market cap at $15.28B, most recent closing price at $85.96. In Jun 2011: Reported EPS at 1.44 vs. estimate at 1.32 (surprise of 9.1%). In Sep 2011: Reported EPS at 1.24 vs. estimate at 1 (surprise of 24%). In Dec 2011: Reported EPS at 1.18 vs. estimate at 1.17 (surprise of 0.9%). In Mar 2012: Reported 1.75 vs. estimate at 1.41 (surprise of 24.1%. [Average earnings surprise at 14.52%]. Earnings report 7/26.
14. National Oilwell Varco, Inc. (NOV, Earnings, Analysts, Financials): Designs, constructs, manufactures, and sells systems, components, and products used in oil and gas drilling and production; provides oilfield services and supplies; and distributes products, and provides supply chain integration services to the upstream oil and gas industry worldwide. Market cap at $29.23B, most recent closing price at $68.57. In Jun 2011: Reported EPS at 1.14 vs. estimate at 1.01 (surprise of 12.9%). In Sep 2011: Reported EPS at 1.26 vs. estimate at 1.17 (surprise of 7.7%). In Dec 2011: Reported EPS at 1.37 vs. estimate at 1.3 (surprise of 5.4%). In Mar 2012: Reported 1.44 vs. estimate at 1.4 (surprise of 2.9%. [Average earnings surprise at 7.23%]. Earnings report 7/26.
15. Newell Rubbermaid Inc. (NWL, Earnings, Analysts, Financials): Designs, manufactures, sources, packages, and distributes consumer and commercial products. Market cap at $5.09B, most recent closing price at $17.56. In Jun 2011: Reported EPS at 0.45 vs. estimate at 0.42 (surprise of 7.1%). In Sep 2011: Reported EPS at 0.45 vs. estimate at 0.42 (surprise of 7.1%). In Dec 2011: Reported EPS at 0.4 vs. estimate at 0.38 (surprise of 5.3%). In Mar 2012: Reported 0.33 vs. estimate at 0.31 (surprise of 6.5%. [Average earnings surprise at 6.5%]. Earnings report 7/31.
16. Pfizer Inc. (PFE, Earnings, Analysts, Financials): Pfizer Inc., a biopharmaceutical company, offers prescription medicines for humans and animals worldwide. Market cap at $176.72B, most recent closing price at $23.60. In Jun 2011: Reported EPS at 0.6 vs. estimate at 0.59 (surprise of 1.7%). In Sep 2011: Reported EPS at 0.62 vs. estimate at 0.56 (surprise of 10.7%). In Dec 2011: Reported EPS at 0.5 vs. estimate at 0.47 (surprise of 6.4%). In Mar 2012: Reported 0.58 vs. estimate at 0.56 (surprise of 3.6%. [Average earnings surprise at 5.6%]. Earnings report 7/31.
17. PerkinElmer Inc. (PKI, Earnings, Analysts, Financials): Provides technology, services, and solutions to the diagnostics, research, environmental and safety, and industrial and laboratory services markets worldwide. Market cap at $2.78B, most recent closing price at $24.40. In Jun 2011: Reported EPS at 0.42 vs. estimate at 0.4 (surprise of 5%). In Sep 2011: Reported EPS at 0.41 vs. estimate at 0.39 (surprise of 5.1%). In Dec 2011: Reported EPS at 0.62 vs. estimate at 0.51 (surprise of 21.6%). In Mar 2012: Reported 0.43 vs. estimate at 0.41 (surprise of 4.9%. [Average earnings surprise at 9.15%]. Earnings report 8/2.
18. Raytheon Co. (RTN, Earnings, Analysts, Financials): Provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally. Market cap at $18.58B, most recent closing price at $55.74. In Jun 2011: Reported EPS at 1.23 vs. estimate at 1.16 (surprise of 6%). In Sep 2011: Reported EPS at 1.43 vs. estimate at 1.33 (surprise of 7.5%). In Dec 2011: Reported EPS at 1.58 vs. estimate at 1.34 (surprise of 17.9%). In Mar 2012: Reported 1.33 vs. estimate at 1.16 (surprise of 14.7%. [Average earnings surprise at 11.52%]. Earnings report 7/26.
19. Seagate Technology PLC (STX, Earnings, Analysts, Financials): Designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Market cap at $11.29B, most recent closing price at $26.55. In Jun 2011: Reported EPS at 0.28 vs. estimate at 0.25 (surprise of 12%). In Sep 2011: Reported EPS at 0.34 vs. estimate at 0.31 (surprise of 9.7%). In Dec 2011: Reported EPS at 1.32 vs. estimate at 1.08 (surprise of 22.2%). In Mar 2012: Reported 2.64 vs. estimate at 2.11 (surprise of 25.1%. [Average earnings surprise at 17.25%]. Earnings report 7/30.
20. Teradata Corporation (TDC, Earnings, Analysts, Financials): Provides enterprise data warehousing solutions, including enterprise analytic technologies and services, and integrated marketing software. Market cap at $11.2B, most recent closing price at $66.37. In Jun 2011: Reported EPS at 0.6 vs. estimate at 0.53 (surprise of 13.2%). In Sep 2011: Reported EPS at 0.59 vs. estimate at 0.55 (surprise of 7.3%). In Dec 2011: Reported EPS at 0.66 vs. estimate at 0.62 (surprise of 6.5%). In Mar 2012: Reported 0.6 vs. estimate at 0.56 (surprise of 7.1%. [Average earnings surprise at 8.52%]. Earnings report 8/2.
(Written by Ryan Horch)
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Analyze These Ideas: Getting Started
Dig Deeper: Access Company Snapshots, Charts, Filings
- CBS Corporation (CBS, Chart, Download SEC Filings)
- Cummins Inc. (CMI, Chart, Download SEC Filings)
- Covidien plc (COV, Chart, Download SEC Filings)
- Denbury Resources Inc. (DNR, Chart, Download SEC Filings)
- Duke Energy Corporation (DUK, Chart, Download SEC Filings)
- EOG Resources, Inc. (EOG, Chart, Download SEC Filings)
- Harley-Davidson, Inc. (HOG, Chart, Download SEC Filings)
- Starwood Hotels & Resorts Worldwide Inc. (HOT, Chart, Download SEC Filings)
- International Paper Co. (IP, Chart, Download SEC Filings)
- Mastercard Incorporated (MA, Chart, Download SEC Filings)
- MetLife, Inc. (MET, Chart, Download SEC Filings)
- Mylan, Inc. (MYL, Chart, Download SEC Filings)
- Noble Energy, Inc. (NBL, Chart, Download SEC Filings)
- National Oilwell Varco, Inc. (NOV, Chart, Download SEC Filings)
- Newell Rubbermaid Inc. (NWL, Chart, Download SEC Filings)
- Pfizer Inc. (PFE, Chart, Download SEC Filings)
- PerkinElmer Inc. (PKI, Chart, Download SEC Filings)
- Raytheon Co. (RTN, Chart, Download SEC Filings)
- Seagate Technology PLC (STX, Chart, Download SEC Filings)
- Teradata Corporation (TDC, Chart, Download SEC Filings)
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