These stocks reporting earnings next week, including Nvidia, have histories of beating Wall Street's expectations

CNBC Pro identified companies with a strong historical tendency to beat earnings estimates and experience stock gains on their report days, ahead of next week's quarterly results. Nvidia, reporting Q3 next Wednesday, boasts an 86% earnings beat rate and averages a 1.9% stock increase on earnings day, fueled by significant AI-driven growth and strategic deals. Similarly, Intuit, scheduled for next Thursday, has an 88% beat rate and a 1.1% average gain, with AI integration also contributing to its performance.

Analysis

CNBC Pro identified Nvidia and Intuit as companies historically outperforming earnings estimates, with both set to report Q3 results next week. Nvidia, reporting next Wednesday, boasts an 86% earnings beat rate and averages a 1.9% stock gain on earnings day, while Intuit, reporting next Thursday, has an 88% beat rate and a 1.1% average gain. These firms meet the screen's criteria of a 65%+ beat rate and 1%+ average earnings day gain.

Nvidia's strong performance is largely driven by robust demand for AI-powered semiconductors, with hyperscalers like Microsoft and IBM making substantial capital outlays. The company has also secured significant deals, including a $100 billion investment agreement with OpenAI for data center chips. Despite a recent 4% intraday dip, NVDA shares have surged 38% year-to-date, reflecting strong market confidence in its AI leadership.

Intuit's consistent earnings beats are supported by its integration of AI-powered technology into its tax preparation software, which propelled its stock to a record high above $800 last summer. Although down over 1% intraday, INTU shares are up more than 3% year-to-date. Both companies demonstrate a strategic focus on AI, which appears to be a significant growth catalyst for their respective sectors.

Key Decisions for Investors

• Monitor Nvidia's Q3 earnings report next Wednesday for continued AI-driven revenue growth and forward guidance, given its historical outperformance and significant year-to-date gains.
• Evaluate Intuit's Q3 results next Thursday for further insights into AI integration benefits within its fintech offerings, considering its consistent beat rate and recent stock performance.
• Consider the historical 'earnings day gain' trend for both NVDA and INTU as a potential short-term catalyst, while also assessing the broader market reaction to their AI-centric strategies and future outlook.