Everyone wants to beat the crowd.

Which is why we’re coming to you before earnings season with an opportunity. Our regular readers know we’ve taken to calling earnings season “propaganda” season because GAAP earnings, non-GAAP earnings, whisper numbers, and Street Earnings are misleading.

A solution to get past the misleading narratives and identify true profitability exists.

Rather than rely on flawed GAAP or Street Earnings, we use FinSights, our AI agent from Google Cloud, to find companies most likely to miss Street earnings. Like all of our research, FinSights is fueled by the proprietary data from our Robo-Analyst AI, which analyzes the footnotes of financial filings to calculate Core Earnings, a proven superior measure of earnings. 

We’ve crunched the numbers and identified 5 stocks most likely to beat their numbers next quarter. In our latest report, we show:  

  • the frequency and magnitude of understated GAAP Earnings in the S&P 500,
  • Street Earnings are flawed and misleading,
  • how Core Earnings generate novel alpha, and
  • the five S&P 500 companies most likely to beat Street estimates next quarter.

Below, we provide an excerpt from our latest Earnings Preview report. You can buy the full report a la carte here.

We’re not giving you the tickers from the report, but this excerpt shows how thorough we are.

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GAAP Earnings Understate Core Earnings for Nearly Two-Thirds of the S&P 500

In the trailing-twelve-months (TTM) as of 3/24/26, 64% of the companies in the S&P 500 reported GAAP Earnings that are lower than Core Earnings. These 322 companies with understated GAAP Earnings make up 47% of the market cap of the S&P 500 as of March 24, 2026.

The median amount that GAAP Earnings understate Core Earnings is 11%, per Figure 1.

Figure 1: Median S&P 500 GAAP Earnings Understated by 11%

Sources:  New Constructs, LLC and company filings.

S&P 500 Companies Most Likely to Beat Next Quarter

Figure 3 shows the S&P 500 companies with an Attractive or Very Attractive Stock Rating and Beat or Strong Beat Street Earnings Distortion Score that are likely to beat calendar 1Q26 earnings because their Street EPS estimates are too low.  

Figure 3: S&P 500 Companies Likely to Beat Calendar 1Q26 EPS Estimates

Sources: New Constructs, LLC, company filings, and Yahoo Finance    

…there’s much more in the full report. You can buy the report a la carte here.

Or, become a Professional or Institutional member – they get all our Earnings Preview reports.

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