A number of firms are as a result of report earnings subsequent week, together with some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members anticipated to publish their quarterly outcomes subsequent week. Up to now, many of the constituents which have reported third-quarter earnings have exceeded earnings and income expectations, in response to FactSet. In opposition to this backdrop, CNBC Professional screened Bespoke Funding Group information to seek out names reporting subsequent week that are likely to positively shock traders and boast sturdy post-earnings performances. The businesses beneath have exceeded the Avenue’s earnings per share expectations 70% of the time and risen 2% or extra on earnings day. Listed here are the names that met this standards: ServiceNow tends to make the largest post-earnings achieve of the checklist at about 3.3%, the information reveals. The enterprise software program large additionally has essentially the most dependable historic earnings efficiency, beating analysts’ earnings per share estimates 90% of the time. Wells Fargo analyst Michael Turrin is bullish on the inventory. He just lately reiterated his chubby score on ServiceNow and raised his worth goal on the inventory to $1,025 per share from $935. That new name suggests greater than 11.5% potential upside for the inventory, which is up 30.3% this yr. “We proceed to deal with the best high quality franchises, and are tending towards these companies with sturdy platform positioning, balanced progress profiles, and administration groups with confirmed observe data —of which NOW meets all three standards,” Turrin stated in an Oct. 6 be aware to shoppers. He added that ServiceNow’s Xanadu product launch is a “main step ahead” in constructing the corporate’s AI imaginative and prescient. ServiceNow introduced on Monday it could make investments $1.5 billion within the U.Ok. over the following 5 years, because it grows its U.Ok. enterprise amid better information heart infrastructure and AI demand. Energy circuits maker Monolithic Energy has a robust earnings beat charge of 88%. Shares of Monolithic Energy are up greater than 48.5% this yr, outperforming the broader market. The inventory tends to maneuver about 2.6% on earnings day, per Bespoke. Monolithic is one other identify set to capitalize on AI-related progress, in response to Oppenheimer analyst Rick Schafer. He named Monolithic amongst his high semi picks on Tuesday and stated he expects main AI-exposed firms to ship upside outcomes and outlook following the group’s correction yr in 2023. Impinj additionally made the checklist, with its earnings beating expectations 88% of the time and the inventory gaining 3.2% in a mean post-report session. The corporate, which makes radio-frequency identification gadgets, has been a firecracker this yr — gaining about 160.3% yr thus far. However analysts polled by FactSet assume shares could take a dive, as their consensus worth goal that means roughly 13.6% draw back forward. Nonetheless, they’ve a consensus purchase score on the inventory. PI YTD mountain Impinj inventory.