Amphenol APH is set to report fourth-quarter 2020 results on Jan 27.Amphenol expects fourth-quarter earnings between 98 cents and $1 per share. Revenues are anticipated between $2.160 billion and $2.200 billion.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $2.19 billion, implying growth of 1.9% from the figure reported in the year-ago quarter.Moreover, the consensus mark for earnings has stayed at $1.01 per share over the past 30 days, implying 3.1% growth from the figure reported in the year-ago quarter.Notably, Amphenol’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in the remaining one, the average surprise being 13.2%. Amphenol Corporation Price and EPS Surprise Amphenol Corporation price-eps-surprise | Amphenol Corporation Quote Let’s see how things have shaped up for the upcoming announcement.Factors to ConsiderAmphenol’s diversified business model lowers the volatility of individual-end markets and geographies. Moreover, acquisitions like Onanon, Cablescan, XGiga and EXA Thermometrics are expected to have aided fourth-quarter results.Military market sales are expected to have increased sequentially. Accelerating adoption of electronics in defense equipment systems and overall favorable defense spending environment are a couple of trends benefiting Amphenol in the past few quarters. These are expected to have continued in the to-be-reported quarter.Amphenol’s fourth-quarter 2020 top line is expected to have benefited from higher sales to an improved automotive end-market. Mobile devices’ sales are also expected to have increased, driven by strong demand for antennas, interconnect products and mechanisms.However, commercial aerospace is expected to have remained subdued due to pandemic-induced reduction in demand for new aircraft. Industrial market sales are also expected to decline sequentially.Further, weak mobile network sales are expected to have hurt Amphenol’s fourth-quarter results.What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Amphenol has an Earnings ESP of +0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:Littelfuse LFUS has an Earnings ESP of +1.14% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Snap SNAP has an Earnings ESP of +6.06% and a Zacks Rank #2.MSCI MSCI has an Earnings ESP of +0.28% and a Zacks Rank #2.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amphenol Corporation (APH): Free Stock Analysis Report MSCI Inc (MSCI): Free Stock Analysis Report Littelfuse, Inc. (LFUS): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report To read this article on Zacks.com click here.