These 5 stocks reporting earnings next week have momentum on their side
JPMorgan and Progressive are among the companies reporting quarterly results next week that could see their shares rise. The third-quarter earnings season officially kicks off next week, as 34 companies in the S & P 500 — or nearly 7% of the benchmark — are on the docket to share their most recent quarterly results. Many of the major banks are set to report, including JPMorgan, Citibank , Goldman Sachs , Morgan Stanley and Wells Fargo . Johnson & Johnson will also headline the week. In preparation, CNBC Pro screened data from FactSet to find the S & P 500 companies that might receive a post-earnings boost when they report next week. To be included in the table below, stocks had to meet the following criteria: Have at least 10 upward earnings estimate revisions in the past three months Have 10 or fewer downward earnings estimate revisions in the past three months Earnings estimates from analysts revised up 5% or more in the past three and six months One name on the list was insurance company Progressive. Its stock has risen more than 2% this year. Analysts have revised their earnings estimates higher 52 times over the past three months. Last month, Bank of America lifted its price objective on the stock to $350 from $343. This updated forecast calls for an upside of nearly 44% from Tuesday’s close. “In our view, consensus continues to underestimate the company’s earnings power, and we are taking up our already high-on-the-Street EPS forecasts for the last four months of 2025 and FY2026 to $6.35 from $5.69 (27% above consensus) and to $20.40 from $18.65 (23% above consensus),” wrote analyst Joshua Shanker, who currently has a buy rating on the stock. Progressive reports its results on Wednesday, Oct. 15. Charles Schwab , up 27% this year, could also get a post-earnings lift next week. Analysts have revised the stock’s earnings upwards 33 times in the last three months. Earlier this month, BMO Capital Markets initiated the stock at an outperform rating. “The Wealth Managers (WM) are considered one of the better business models in traditional financials because they have solid long-term growth profiles combined with low capital intensity,” wrote analyst Brennan Hawken. Hawken’s price target of $92 is about 2% below where shares of Charles Schwab ended on Tuesday. The investment firm reports earnings next Thursday, Oct. 16. Other names that could rise following their earnings next week include Travelers , Interactive Brokers Group and JPMorgan Chase. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
