Amid a solid earnings picture for the second quarter, many US-listed companies are beating their estimates.
More than half of the US-listed stocks covered by Morningstar that reported earnings as of Aug. 11 beat FactSet consensus estimates by 5% or more. Even better for investors looking to put their money to work, analysts believe some of these stocks remain undervalued.
To highlight these opportunities, we ran a screen for undervalued stocks that crushed expectations for earnings and revenue for the quarter. More details on our screen and comments from Morningstar analysts can be found here.
This post originally appeared at Morningstar.