RingCentral Leads Earnings Screen With a 98% Beat Record

RingCentral and Intuitive Surgical enter next week’s earnings calendar with records of frequent estimate beats and gains on reporting days, putting two companies in focus ahead of their quarterly results.

The screen focused on companies due to report next week that had beaten earnings-per-share (EPS) estimates in at least 80% of quarters and averaged gains of 1.5% or more on earnings days.

RingCentral had the strongest historical record among the screened stocks, beating analyst EPS estimates 98% of the time. Its shares gained an average of 4.2% on earnings days, the largest average move cited for the group.

Intuitive Surgical, which makes robotic surgery systems, beat EPS estimates 89% of the time and averaged a 2.4% share gain on earnings days. Intuitive Surgical is expected to report Oct. 20, followed by RingCentral after the market closes Oct. 22.