Earnings season is nearly upon us.

We’ve taken to calling it “propaganda” season because GAAP earnings, non-GAAP earnings, whisper numbers, and Street Earnings – whatever you want to call them – are misleading.

We have a real solution to this problem. And, a way for you to make money from it, now.

Rather than rely on flawed GAAP or Street Earnings, we use FinSights, our AI agent built in partnership with Google Cloud, to find companies most likely to beat consensus earnings. Like all of our research, FinSights is fueled by our proprietary data from our Robo-Analyst AI, which analyzes the footnotes and MD&A 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 prevalence and magnitude of understated GAAP Earnings in the S&P 500,
  • that Street Earnings (and GAAP earnings) are flawed and misleading,
  • how Core Earnings generate novel alpha, and
  • the five S&P 500 companies most likely to beat 4Q25 earnings.

To give you a sense of just how much our research can help you, we present a large excerpt from the report published this week to Pro and Institutional members. You can buy the full report a la carte here.

We’re not giving you the tickers from this report, but we are happy to share our hard work because we want you to see how good our research is.

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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 1/4/26, 63% of the companies in the S&P 500 reported GAAP Earnings that are lower than Core Earnings. The 313 companies with understated GAAP Earnings make up 48% of the market cap of the S&P 500 as of January 4, 2026.

The median amount that GAAP Earnings understate Core Earnings is 9%, per Figure 1.

Figure 1: Median S&P 500 GAAP Earnings Understated by 9%

Sources:  New Constructs, LLC and company filings.

S&P 500 Companies Most Likely to Beat This Quarter

Figure 3 in the full report shows the S&P 500 companies with an Attractive or Very Attractive Stock Rating that are likely to beat calendar 4Q25 earnings because their Street EPS estimates are too low.

Figure 3: S&P 500 Companies Likely to Beat Calendar 4Q25 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.

Interested in starting your membership to get access to all our research? Get more details here.