From Nasdaq:

The fourth quarter of 2023 is in its second phase, and most of the results are meeting expectations. Next week will be the busiest in this cycle, with 808 companies expected to report their financial numbers. As of February 11, 338 S&P 500 companies have reported, with earnings up 5.5% and revenues up 3.7%.80.5% have beaten EPS estimates and 65% have beaten revenue estimates.

Meanwhile, five stocks with a favorable Zacks Rank are set to beat on earnings this month. The combination of a favorable Zacks Rank and a possible earnings beat should drive their stock prices in the near term.

One of the stocks, Toast Inc. (TOST), operates a cloud-based digital technology platform for the restaurant industry. It has an Earnings ESP of +52.38% and an expected earnings growth rate of 25.5% for the current year, with an improved Zacks Consensus Estimate over the last 30 days. Toast is set to release earnings results on February 15, after the closing bell.

NVIDIA Corp. (NVDA) is benefitting from AI and computing growth, with a CAGR of 53.7% expected through fiscal 2024-2026. NVDA has an Earnings ESP of +5.26% and an expected earnings growth rate of 64.4% for the current year, with the Zacks Consensus Estimate improving over the last seven days. NVIDIA is set to release earnings results on February 21, after the closing bell.

Wingstop Inc. (WING) has an Earnings ESP of +0.20% and an expected earnings growth rate of 19% for the current year, with an improved Zacks Consensus Estimate over the last 30 days. Wingstop is set to release earnings results on February 21, before the opening bell.

ONEOK Inc. (OKE) is well-poised to gain from increasing volumes in its pipelines and fee-based commitments. It has an Earnings ESP of +2.97% and an improved Zacks Consensus Estimate over the last seven days. ONEOK is set to release earnings results on February 26, after the closing bell.

Western Midstream Partners LP (WES) operates as a midstream energy company primarily in the United States. WES has an Earnings ESP of +4.01% and an expected earnings growth rate of 25.3% for the current year, with an improved Zacks Consensus Estimate over the last 30 days. Western Midstream Partners is set to release earnings results on February 21, after the closing bell.



Read more: 5 Stocks to Buy Ahead of Earnings Results This Month