Last week, readers of Top Equity New’s earnings scorecard column should have benefited from Neenah Paper, Inc. (NP). Wall Street was expecting 35 cents, TEN’s analysis said to be on the lookout for 40 cents or more, and NP reported 42.

Neenah’s stock chart suggested a solid profit report could deliver close to 15% upside. The stock opened the week at $17.10 and finished up at $19.10 – a very nice 11.7% gain for the week. We will take it.

Now if we could only do that every week!

More than 800 companies are scheduled to report earnings in the next couple of weeks. Top Equity news has identified six A or B rated stocks with an Earnings Power score of 10 or more. The list includes:

Company Ticker Next EPS Report Date EPS POWER
Dycom Inds DY 20111122 11
Zoll Medical Co ZOLL 20111116 11
Guess Inc GES 20111122 11
Covidien Plc COV 20111115 10
Interoil Corp IOC 20111114 10
Perfect World PWRD 20111121 10

Our top choice is Dycom Industries Inc. (DY). The small cap heavy construction company is expected to earn 30 cents for its 1st quarter. Once again, it wouldn’t be surprising to see a number greater than 40 when results are reported following next Tuesday’s close.

Dycom has a history of explosive moves around earnings. Four of the last six reports have seen shares move at least 11%, and three of the four 15%+. Last time out, DY catapulted over 37%.

TEN will take any of the above.

DY’s stock chart shows a double top at $20.40ish. If the price can penetrate the upper barrier, there is nothing but technical blue skies above. A muscular quarterly check up combined with a price breakout, and another 11%-15% move is highly likely.

Earnings Scorecard: Profits to DY For is an article from:
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