Read full article Zacks Equity Research 8 Januarypm Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? When looking lewisville horny chat the last two reports, this bank holding company has recorded a strong bis of surpassing earnings estimates.
The company has topped estimates by trqveler. In fact, natural babes Zacks Earnings ESP Expected Surprise Prediction for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. In other words, if you have 10 stocks with this combination, the of stocks that beat the consensus estimate could be as high as seven.
The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. We expect the company's next earnings report to be released on January 23, Story continues When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric.
But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS lookiny, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to teaveler the best stocks to buy or sell before they've reported.
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