5 Stocks Poised For Post-Earnings Pop

It operates in the Financial Transaction Services industry, which is in the top 16% of 250+ Zacks-classified industries. A low rank indicates a high position for industry because it has positive things going for it. It’s expected that constituent stocks, therefore, gain from these inherent advantages the industry has in a given situation or at a given time. It has also been seen that the top 50% of Zacks-classified industries beats the bottom 50% by a factor of more than 2 to 1.

The company is expected to report on Jul 29 and its earnings expected surprise prediction (ESP) is 14.29%. This is the percentage difference between the most accurate estimate and the Zacks Consensus Estimate. It’s based on the principle that more current estimates include new information that earlier estimates didn’t consider, treating the difference as the upside potential in Buy- or Hold-ranked (Zacks Rank #3) stocks.

And sure enough, seven days ago, the Zacks Consensus Estimate for 2020 (ending December) moved from a loss of 49 cents to a profit of 27 cents. The 2021 estimate went from $1.10 to $1.36. Historically, the shares have responded positively to when the company met or exceeded the Zacks Consensus Estimate and negatively to when it missed. The first quarter was an exception because of the pandemic and shares responded positively because it could have been much worse. So a positive surprise should lead to upside in share prices.

Second is FormFactor, Inc. (FORM - Free Report)

FormFactor is an OEM of automated wafer probe cards, analytical probes, probe stations, thermal sub-systems, and related services used in the back-end portion of the semiconductor manufacturing process.

The Zacks Rank #2 company has a VGM Score A and Growth Score A.

The Electronics – Semiconductors industry, of which it is a part, is in the top 36% of 250+ Zacks-classified industries.

The company is expected to report on Jul 29 and its earnings expected surprise prediction (ESP) is 11.1%.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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