4 Top Dow Stocks Set to Beat Earnings Estimates

At this stage, it will be prudent to invest in Dow stocks with a favorable Zacks Rank and positive Earnings ESP. Strong earnings results will likely ensure a northbound move in the stock prices of these companies in the near term.

We have narrowed down our search to four Dow companies slated to release their earnings results this month. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Apple Inc. AAPL: The Zacks Rank #1 company has an Earnings ESP of +4.08% for the first quarter of fiscal 2020 (ended December 2019).

Apple has an expected earnings growth rate of 16% for the current year (ending September 2019). The Zacks Consensus Estimate for the current year has improved 0.9% over the last 60 days. The trailing four-quarter positive earnings surprise is 3.6%, on average. Apple is set to release earnings results on Jan 28, after the closing bell.

Johnson & Johnson JNJ The Zacks Rank #2 company has an Earnings ESP of +0.77% for fourth-quarter 2019.

Johnson & Johnson has an expected earnings growth rate of 4.8% for the current year. The last four-quarter positive earnings surprise is 4.3%, on average. Johnson & Johnson will release earnings results on Jan 22, before the opening bell.

The Procter & Gamble Co. The Zacks Rank #2 company has an Earnings ESP of +0.91% for the second quarter of fiscal 2020 (ended December 2019).

Procter & Gamble has an expected earnings growth rate of 9.3% for the current year (ending June 2019). Positive earnings surprise for the trailing four quarters is 4.9%, on average. The Procter & Gamble will release earnings results on Jan 23, before the opening bell.

American Express Co. AXP The Zacks Rank #2 company has an Earnings ESP of +0.21% for fourth-quarter 2019.

American Express has an expected earnings growth rate of 10.9% for the current year. The Zacks Consensus Estimate for the current year has improved 0.3% over the last 60 days. American Express is set to release earnings results on Jan 24, before the opening bell.

source: Zacks