These 5 Stocks Beat Earnings 90% of the Time

The current earnings season is still early in the process, but investors appear to be enjoying the results. Last week, all three major indices logged their third consecutive weekly gain and continue to reach new highs.Money Piggy Bank

The Dow Jones Industrial Average and S&P 500 are both at their best level in more than five years. However, some of the biggest firms on Wall Street report earnings this week.

Out of the companies that have reported financial results so far, about 60 percent have beaten revenue estimates, according to Bespoke Investment Group. This is better than the previous two quarters and the fourth quarter of 2011. Meanwhile, 59 percent of companies have topped earnings estimates, inline with the previous four quarters.

Here’s a look at the most consistent firms reporting earnings this week and their likelihood to beat expectations…

Intuitive Surgical (NASDAQ:ISRG):

According to Bespoke, the company has a historical earnings beat rate of 94 percent, with a revenue beat rate of 91 percent. The average one-day percentage move of shares on earnings day is 5.7 percent higher.

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United Technologies (NYSE:UTX):

The multinational conglomerate has a historical earnings beat rate of 96 percent, with a revenue beat rate of 76 percent. The average one-day percentage move of shares on earnings day is about 1 percent higher.

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Lockheed Martin (NYSE:LMT):

The defense contractor has a historical earnings beat rate of 96 percent, with a revenue beat rate of 73 percent. The average one-day percentage move of shares on earnings day is relatively flat at only 0.12 percent gain.

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Union Pacific (NYSE:UNP):

The railroad company has a historical earnings beat rate of 91 percent, with a revenue beat rate of 68 percent. The average one-day percentage move of shares on earnings day is 1.16 percent higher.

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Johnson & Johnson (NYSE:JNJ):

The consumer healthcare giant reported financial results for the fourth quarter early Monday. Excluding items, the company earned $1.19 per share, topping estimates, which is consistent with prior earnings results. On a historical basis, Johnson & Johnson has an earnings beat rate of 91 percent, with a revenue beat rate of 67 percent.

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