Stocks such as Michael Kors Holdings Ltd (NYSE:KORS), Electronic Arts Inc. (NASDAQ:EA) and Pitney Bowes Inc. (NYSE:PBI) have been performing consistently over the last 4 quarters. They have not just exceeded the estimates, these stocks have performed exceedingly well over the past 12 months.
CNBC‘s Dominic Chu discussed these three well performing stocks in detail. Michael Kors Holdings Ltd (NYSE:KORS) was the first one he reported which gained 7% after the recent earnings report. This is not the first time; the company gained 17% during the quarter before due to strong holiday sales.
“They have gone up 4 consecutive quarters in a row, so consistency there, at least over the medium term” Chu stated.
The next stock he mentioned is Electronic Arts Inc. (NASDAQ:EA) which has gained over 9% after announcing the earnings for the quarter. The video game maker has also shown similar consistency and analysts forecast that the stock can rise another 5% in the coming months. This was second biggest gainer.
The only biggest gainer from the S&P 500 and that too in 4 straight earnings reports is Pitney Bowes Inc. (NYSE:PBI). The stock gained around 12% and it was rewarded for the positive earnings reports for 4 straight quarters. The market rewarded the performance with more faith in the stock. This is the biggest gainer.
So Michael Kors Holdings Ltd (NYSE:KORS) stands 3rd with 7% gain and the video game manufacturer Electronic Arts Inc. (NASDAQ:EA) stands 2nd with over 9% gain and Pitney Bowes Inc. (NYSE:PBI) stood at top with over 12% gain in the post earnings market.
The key investors in Pitney Bowes Inc. (NYSE:PBI) are D E Shaw with over 6.8 million shares and Columbus Circle Investors with almost 5.8 million shares as of 31st March 2014. Glg Partners and Jabre Capital Partners own about 5 million shares each in Electronic Arts Inc. (NASDAQ:EA).
Disclosure: None
