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Based on a ranking system that runs from 1 (strong buy) to 5 (strong sell), these firms all average between 1 and 2. And they all delivered upside surprises during the first quarter of 2001, surpassing Wall Street analysts' consensus earnings estimate.
Sometimes Book Review is delivered upside down in the middle of Calendar on Saturday.
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Mr. El-Erian, who often speaks in the language of finance, says Multi-Asset delivers "upside while hedging against sharp losses," while Global Advantage offers access to a "global investment set".
However, we are of the view that automotive and in particular Powertrain /Drivetrain applications (around 53% of group revenue) offer potential to deliver upside surprise to group earnings consensus estimates, particularly in 2016.
"We see plenty of backlog in this government deal; it is an opportunity for them to deliver upside revenue," says Sutherland.
J.P. Morgan initiated coverage of eBAY at "overweight," saying the online auctioneer will deliver upside to consensus earnings estimates, leading to valuation expansion and stock price outperformance relative to peers.
The one sent to employers was the survey that delivered an upside surprise — the net gain of 163,000 nonfarm jobs.
"October's growth data delivered pleasant upside surprises across the board, providing fresh evidence that the economy has indeed bottomed out thanks to the filtering through of Beijing's policy easing," Sun Junwei, a China economist at HSBC, wrote in a research report Friday afternoon.
But Merck delivered an upside surprise, with earnings of $1.6 billion, topping the Street's call.
We can see this relationship in Activision Blizzard ATVII) – not a prolific yielder, but a serial dividend raiser that has delivered serious upside in recent years.
Shares of Amazon.com jumped on Friday amid rising optimism that the online retailer could deliver an upside surprise this earnings season.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com