Stocks across the board rose last month on better-than-expected quarterly earnings, but CNBC Pro found some companies to have outright won the earnings season. These stocks led the rally during the earnings season and should build on this momentum from here. what’s more They are revered by analysts even as Wall Street as a whole continues to grapple with recession and inflation concerns. Stocks that popped up on our screen are up at least 10% since the start of the earnings season. Earnings-per-share growth expectations have risen and are now expected to rise more than 10% for these names. They are also expected to rise more than 10% over the next 12 months based on the consensus analyst price target. In addition, a majority of analysts advise investors to buy now. Here are 7 stocks that wrecked earnings season. Chipotle Mexican Grill may be up about 24% since the earnings season began, but the stock is expected to climb another 11%, according to FactSet’s consensus price targets. The burrito chain signaled in its second-quarter earnings report that it has the pricing power to increase menu prices to meet rising grocery costs as the majority of its core customers earn higher household incomes. Microchip Technology shares are up nearly 23% during the earnings season, and Wall Street expects the microcontroller maker to gain another 18%. Microchip beat earnings and revenue estimates versus FactSet consensus estimates in its second-quarter earnings report. Shares are down 17% this year. Ametek, a maker of electronic instruments, is up 14% this earnings season and is expected to climb nearly 18% to its target price. According to FactSet consensus estimates, Ametek exceeded expectations for revenue and earnings. Shares are down 15% year-to-date. SolarEdge Technologies, Generac, Equinix, and Marathon Petroleum also made the list. Generac, a generator maker, is set to gain 48% over the next 12 months, according to analysts.
