These names reporting next week have a history of beating earnings expectations, including Meta

Several stocks with earnings slated for next week, including Meta Platforms and Mastercard , tend to top Wall Street estimates and get a boost in value. Earnings season is so far off to a solid start. About 9% of S & P 500 companies have reported fourth-quarter results, with 79% of them posting a positive earnings surprise and 67% a positive revenue surprise, according to a Friday report from FactSet’s John Butters. Strong earnings from the big banks — particularly from JPMorgan , Goldman Sachs and Bank of America — have fueled positive sentiment. Procter & Gamble ‘s earnings beat on Wednesday reflected improving demand for household staples. CNBC Pro used earnings data from Bespoke Investment Group to find companies that have a history of beating analyst estimates and subsequently rising in price. The companies listed below have beaten earnings per share estimates 75% of the time or more, and gain 1.5% or more on the first trading day after posting results. Meta Platforms made the cut with its track record of posting better-than-expected earnings 88% of the time, which has led to an average gain of 1.95% for the stock in the following trading session. In the first few weeks of January, the Facebook and Instagram parent is up about 7%. Over the past year, shares have gained 64%. Jefferies is one firm staying bullish on Meta heading into earnings on Jan. 29. Analyst Brent Thill reiterated his buy rating in a Wednesday note and said that the TikTok ban appears to be driving teens to Instagram Reels.