These stocks about to report earnings typically beat expectations and gain

After watching stocks like Meta and Amazon soar after topping Wall Street estimates, investors may want to scan the earnings calendar for stocks that have a solid track record of reporting strong results and seeing their shares rally. Although the fourth-quarter earnings season is more than halfway done, there are still plenty of names on the docket. So far technology stocks have led the market higher, with the benchmark S & P 500 reaching the 5,000 level on Thursday. Stocks have benefited from a still-strong economy, declining inflation and hopes for a central bank interest rate cut in 2024. CNBC Pro used Bespoke Investment Group data to screen for stocks ahead of their quarterly results that meet the following criteria: Average earnings per share beat rate of 75% or higher Shares typically gain an average of 1% or more on earnings day Cloud-based communication company RingCentral made the list. The company has historically outperformed Wall Street EPS estimates 98% of the time, and its stock has typically gained nearly 3% following quarterly results. RingCentral stock has slipped about 2% from the start of the year. RNG YTD mountain RingCentral stock. The company is set to report fourth-quarter results on Feb. 20. Analysts polled by FactSet forecast earnings of 82 cents per share on $570.5 million in revenue. About half of analysts polled by FactSet rate RingCentral stock as a buy, and their average price targets imply more than 22% upside moving forward. The company brought back former CEO and co-founder Vlad Shmunis in December. At that time, the company reiterated its full-year and fourth-quarter forecast, which estimated 2023 revenue would be in the range of $2.2 billion to $2.21 billion, or up about 11% year-over-year. Digital advertising company The Trade Desk also made the screener's cut. Shares are down less than 1% since the start of the year. TTD YTD mountain The Trade Desk stock. The company has a history of surpassing EPS estimates 97% of the time, while its stock has climbed more than 8% following quarterly results. The Trade Desk will report quarterly results on Thursday, while analysts polled by FactSet estimate fourth-quarter earnings per share of 41 cents per share on $582 million in revenue. Morgan Stanley analyst Matthew Cost reiterated an overweight rating on Trade Desk stock, and added that the company will likely remain a key player in the connected television advertising space even if the overall sector remains fragmented as Amazon launches an ad-supported tier of Prime. The vast majority, some 74%, of analysts surveyed by FactSet rate the stock a buy, with an average price target of $78.94 suggesting about 9% upside ahead. Other companies that made the cut include energy firm Generac and metals producer Reliance Steel & Aluminum .