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- The Q1 2026 earnings season has just begun.
- Some stocks could see a sharp rebound after a turbulent Q1.
- Discover 10 undervalued stocks favored by analysts that will soon report their earnings.
The Q1 2026 earnings season “officially” kicks off this week, and there could be plenty of surprises. The first quarter of the year was full of twists and turns, with concerns about the impact of AI and the war in the Middle East dominating the headlines, and volatility has been high.
Stocks showing double-digit movements (up or down) since the start of the year are indeed legion, and the release of Q1 2026 earnings will provide concrete clues for investors to adjust their expectations.
Quarterly earnings releases are indeed key periods for stocks, given that earnings reports often lead to analyst revisions, which also tip the scales.
Thus, some stocks that have skyrocketed since the start of the year could come back down to earth following their earnings releases, while other, more undervalued stocks could, on the contrary, benefit from a significant rally.
10 undervalued stocks reporting earnings in 10 days
We therefore set out to find US stocks that will report earnings in the next 10 days, focusing on equities that are undervalued and favored by analysts.
To do this, we ran the following search on the Investing.com screener:
- Market capitalization greater than $1 billion
- Upcoming earnings release
- Upside potential of more than 35% based on Fair Value (synthesis of valuation models)
- Upside potential of over 20% according to analysts
- InvestingPro Health Score greater than 2.5/5
We were thus able to identify 10 opportunities:
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These US stocks, which are about to report earnings, appear undervalued by around 36% to 60% based on fair value estimates. Analysts also see further upside, with potential gains ranging from about 22% to 117%.
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Among these stocks is Churchill Downs Incorporated (NASDAQ: CHDN), which has grown beyond the Kentucky Derby into a broader gaming and entertainment business. It now operates casinos, racebooks, and online betting platforms. Analysts are very positive, with 10 giving it a “Strong Buy” rating and an average price target of $135.60, suggesting about 53% upside from current levels. Even though the business is growing, the stock has fallen over the past year, which many see as an overreaction. Its Q1 2026 results will be released on April 22, just before the 152nd Kentucky Derby.
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Gentex Corporation (NASDAQ: GNTX), known for its rearview mirror technology and in-vehicle vision systems, is another name on the list. The stock appears overlooked despite strong fundamentals. It has a low valuation, strong cash flow, and a solid balance sheet with low debt. Analysts expect the stock to rise, with an average target of $29.20, implying more than 23% upside. Investors will be watching its upcoming results closely to see if margins remain stable in a challenging auto market.
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Finally, Omnicell Inc (NASDAQ: OMCL), which focuses on automation in hospital medication management, is undergoing a major shift. The company is launching new platforms like Titan XT and OmniSphere to move toward a higher-margin SaaS model. Bank of America recently upgraded the stock to “Buy” with a $70 target, expecting strong revenue growth over time. For 2026, the company expects earnings per share between $1.65 and $1.85, showing confidence in its recovery. Its Q1 2026 results, expected on April 28, will be an important test of this strategy.
However, other stocks on the list show higher potential according to analysts and/or Fair Value!
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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such, it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk remain with the investor.
