Earnings season is about to begin, and a few companies slated to report next week have a history of beating Wall Street’s expectations. Nearly 30 S & P 500 companies are set to report in the coming week. They include Bank of America and Goldman Sachs and media powerhouse Netflix . CNBC Pro screened data from Bespoke Investment Group for companies with a track record of beating analysts’ estimates at least 65% of the time and seeing their shares rise at least 1% after they report results. The companies listed below are reporting next week. Intuitive Surgical tops the table, beating analysts’ estimates 89% of the time, followed by a 2.58% gain afterwards. BMO Capital Markets initiated coverage of the maker of robotic surgical systems this week at outperform — considering it one of the top stocks in the sector. Analyst Vik Chopra pointed to the company’s deepening data-driven moat, rising procedural growth, and the Da Vinci’s cycle of utilization, revenue, and data. “The dV5 upgrade cycle is still in early innings, procedure growth is broadening into new specialties and geographies, and with recurring revenue exceeding 80% of the mix, the earnings stream is durable and visible,” the analyst said in a note to clients. “Da Vinci (dV5) is driving a self-reinforcing cycle of higher utilization, recurring revenue, and proprietary surgical data, and we see the premium multiple as justified.” Many analysts are also bullish on the name, with 23 out of 34 analysts rating it buy or strong buy, per LSEG. Consensus price targets call for 38% upside from current levels. Another stock that made the list is Morgan Stanley . The investment bank has a record of beating analyst expectations 80% of the time and gaining 1.07% after releasing its earnings. This week, Bank of America lifted its second-quarter earnings estimates for Morgan Stanley to $2.81 per share from $2.71. The firm also raised its price target to $250 — implying more than 12% upside. Bank of America analyst Ebrahim Poonawala noted Morgan Stanley’s wealth management growth, opportunities in the trading division, and performance in its Asia branch. “We are positively biased into the print given the wealth momentum, idiosyncratic growth runway in [fixed income, currencies and commodities] trading ([supplementary leverage ratio] change, reorg that eliminated funding cost disadvantage vs peers), and a robust Asia franchise where momentum continues to be strong,” Poonawala wrote.
