To build your earnings season watch list, look for stocks in or near a potential buy zone ahead of their next quarterly report. One such company is Cabot Microelectronics ( CCMP ). It's expected to report on Oct. 26.
The stock is right around an 81.95 buy point from a first-stage consolidation .
[ibd-display-video id=2354661 width=50 float=left autostart=true] Be aware that it's risky to buy any stock just before it reports. You can reduce your exposure by waiting to see the actual numbers and the market's reaction. You can also use an options strategy to limit your potential downside.
Cabot Microelectronics reported 3% EPS growth in its most recent report, while sales growth came in at 18%.
Analysts expect earnings-per-share growth of -4% for the quarter, and 25% growth for the full year. Annual growth estimates were recently revised higher.
Cabot Microelectronics has a 97 Composite Rating and holds the No. 14 rank among its peers in the Electronics-Semiconductor Equipment industry group. Advanced Energy Industries ( AEIS ), Applied Materials ( AMAT ) and Brooks Automation ( BRKS ) are among the top 5 highly rated stocks within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.