First, lots of companies have reported robust first-quarter earnings, and positive earnings surprises easily outweigh negative ones.
The company has a long history of positive earnings surprises, averaging about 6.8% for the last 11 quarters.
The chart shows that consensus estimates have been trending significantly higher since 2011, as the company has delivered 10 straight positive earnings surprises.
It's a momentum strategy, essentially: He buys shares of companies with strong price and profit growth and a record of positive earnings surprises.
Perhaps the earnings whispers are to blame for the selloff or positive earnings surprises from other tech bellwethers made this report just par for the course.
Positive earnings surprises will probably also be greeted with equanimity.
Penske Automotive Group ( PAG) continues to deliver positive earnings surprises thanks to commendable performances in the U.S. and in overseas markets, as well as its fruitful diversification strategies.
FORBES: Penske Automotive Group Sees Double-Digit Unit Sales Growth
Deutsch: AHL VereinslogoWith excellent underwriting results and solid investment portfolio returns , Aspen Insurance ( AHL), a property and casualty insurer and reinsurer has been consistently delivering positive earnings surprises.
The Lists function has a set of 24 screens, some unusual, such as stocks most below analysts' target prices and a watch list of companies that have had positive earnings surprises in the past.
To find them, I run a weekly quantitative screen that seeks out stocks with a combination of analyst upgrades and positive earnings surprises to identify rising analyst expectations, a bullish signal for stocks in any market.
The trick is to figure out which companies are likely to report big positive or negative earnings surprises.
Finally, many traders look to establish long straddles prior to earnings announcements on the notion that certain stocks tend to make big price movements when earnings surprises occur, whether positive or negative.
On April 25, Penske posted a hefty 41% gain in first-quarter earnings to 55 cents per share, marking 12 positive surprises since 2009 (excluding one tally).
FORBES: Penske Automotive Group Sees Double-Digit Unit Sales Growth
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