7 Major Earnings Season Winners With More Upside Ahead

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Ford

Ford Motor Co. (NYSE: F) has struggled to find much, if any, good news in some time that would entice new shareholders to buy more shares. Ford’s quarterly report showed adjusted earnings of $0.44 per share with total revenues of $40.3 billion. This beat the Refinitiv targets of $0.27 per share and $37.4 billion.

The shares gained 7% initially but ended up closing up 10.7% at $10.41 on Friday, despite news of a criminal probe into emissions. Ford also has that monster 5.8% dividend that still has more than ample earnings coverage. The 52-week trading range is $7.41 to $12.15. Ford’s weekly gain was 9%, which is also now a 20% gain just in the past month.

Hershey

Hershey Co. (NYSE: HSY) managed to hit an all-time high after the company posted adjusted earnings of $1.59 per share on $2.02 billion in revenues. The company also reaffirmed its targets for 1% to 3% sales growth in 2019, with adjusted earnings to be in a range of $5.63 to $5.74 per share. The stock rose 4.6% to $122.44 after earnings in Thursday’s trading, but at least three analysts raising price targets, helping to boost the stock another 2.2% to $125.17 by Friday’s closing bell. That’s an all-time high, and Hershey shares closed out the week up 7%.

Microsoft

Microsoft Corp. (NASDAQ: MSFT) deserves more than a token note or honorable mention here, after its earnings showed continued performance being driven by the cloud. With a post-earnings high of $131.37 a share, Microsoft topped the $1 trillion market cap for the first time ever, and a 0.6% gain to $129.89 on Friday was still better than a 5% gain on the week — for close to a $50 billion gain in its market value. Analysts now are calling for even more upside ahead, some with handy price target hikes.

Quest Diagnostics

Quest Diagnostics Inc. (NYSE: DGX) reported earnings on Tuesday with net income of $1.20 per share and adjusted per-share earnings of $1.40, beating the consensus estimate of $1.36 (adjusted) per share. Revenue of $1.89 billion also exceeded the $1.87 billion estimate, and the company’s 2019 revenue guidance was put in a range of $7.60 billion to $7.75 billion.

What mattered here was that Quest shares sold off handily in the prior week, roughly from $92 down to $85, but they screamed back after the earnings and guidance to close out the week at $95.34. This stock is still handily below its high of $116.49, but the negative sentiment around health care shares has, at least for now, been remediated after its earnings. Quest’s gain for the week was 11.2%.

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In addition to these earnings season winners, check out five fresh analyst picks trading under $10 per share that have gigantic upside forecasts.