Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Computer and Technology Names

Zacks identifies Uber and Hewlett Packard Enterprise as potential earnings beat candidates, with Earnings ESPs of +7.78% and +7.09%, respectively. Uber is rated #3 (Hold) ahead of its November 4, 2026 report, with a $1.01 most accurate EPS estimate versus $0.94 consensus; HPE is rated #1 (Strong Buy) ahead of its December 3 report, with estimates of $1.36 versus $1.27. Zacks says stocks with positive ESP and a rank of #3 or better posted positive bottom-line surprises 70% of the time in its analysis, and cites roughly 28% average annual returns in a 10-year backtest; these are forecasts and historical claims, not reported results for either company.

Analysis

Treat these estimate gaps as event screens, not standalone earnings theses. A positive revision spread can signal improving near-term expectations, but it does not establish that the underlying business is accelerating or that a beat will translate into a higher stock: guidance, revenue quality, and the market’s embedded expectations matter more than an EPS beat in isolation. The cited historical hit rate and return are not enough to assess present-day edge without methodology, transaction costs, drawdowns, and out-of-sample results.

Near term, UBER’s November 4 report is the cleaner catalyst window; HPE’s December 3 date leaves more time for revisions and macro or sector news to erase the signal. HPE’s stronger rank makes it the higher-priority diligence candidate, not automatically the better risk-adjusted trade. For HPE, test whether estimate revisions are supported by order/backlog conversion and cash generation rather than shipment timing or mix. For UBER, verify whether EPS revisions reflect durable operating improvement rather than non-operating items or changing expense assumptions. Neither mechanism is established by the article.

The contrarian risk is that a widely circulated “positive ESP” screen attracts pre-report buying, raising the bar and worsening post-beat reward/risk. A miss, cautious forward commentary, or a beat already reflected in price could trigger multiple compression. No competitor or supply-chain impact is evidenced here; broader sector trades would be speculative without company-level operating data.

Key Decisions for Investors

• Do not buy either name solely on the ESP figures. Before positioning, check the direction and breadth of estimate revisions, revenue estimates, estimate dispersion, and whether the recent change is driven by recurring operations.
• Put HPE on a pre-earnings watchlist, with any long exposure sized only after confirming order/backlog conversion and cash-flow quality; reassess if those indicators do not support the upward EPS revision. The longer interval to its report increases signal-decay risk.
• For UBER, wait for confirmation that the EPS revision is matched by operating metrics and forward guidance before taking event risk into November 4. A beat without constructive guidance is a thesis failure, not a reason to average down.
• If considering an event trade, compare option-implied moves and skew with realized post-earnings moves before choosing shares or options; avoid paying elevated implied volatility for an unverified forecast edge. Reconsider on estimate reversals, weak guidance, or a price run-up that appears to capitalize the expected beat.