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Earnings ESP (Expected Surprise Prediction)

Top Stocks to Beat Earnings

Symbol Company
Name
ESP Most Accurate
Estimate
Consensus
Estimate
Price Zacks Rank %Surprise
(lst Qtr.)
Reporting Date
IBM Internat 0.25% 2.64 2.64 143.00 3 3.59% 10/16/19
PGR The Prog 0.60% 1.34 1.33 74.97 3 16.08% 10/16/19
SYF Synchron 0.24% 1.13 1.12 33.69 3 1.04% 10/18/19
ETFC E*TRADE 0.87% 1.01 1.00 39.86 3 1.82% 10/17/19
CDNS Cadence 0.66% 0.51 0.51 67.63 3 7.55% 10/21/19

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

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See the Full List of Stocks To Beat Earnings

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Portfolios

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers Zacks #1 Rank Top Movers for

 

Company Symbol Price %Chg
Iochpe-Maxi... IOCJY 1.64 +9.33%
Clean Energ... CLNE 2.27 +8.10%
Owens & Min... OMI 6.89 +6.82%
Builders Fi... BLDR 22.44 +4.20%
Matrix Serv... MTRX 19.15 +3.40%

Focus List Top Performers

 

Symbol Price Added Current Price %Chg
SQ 17.25 64.29 +272.70%
LULU 73.64 203.89 +176.87%
MSFT 55.09 141.58 +156.99%
LRCX 100.49 242.05 +140.87%
SAM 168.00 387.70 +130.79%

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New Upgrades: RNR, THC, SO, SIG, VRTX, UBER, AEGN, LDOS, LULU, STE

  • Renaissancere Holdings Ltd.
    (
    RNR)
    Upgraded: 10/15/19

    Accelerated capital deployment and strategic divestitures should boost investor confidence. Its rising premiums on the back of solid segmental contributions also impresses.

  • Tenet Healthcare Corporation
    (
    THC)
    Upgraded: 10/12/19

    Incremental synergies from acquisitions, divestitures, higher revenues and growth in the outpatient business along with lowering debt level are positives for Tenet Healthcare.

  • Southern Company (the)
    (
    SO)
    Upgraded: 10/12/19

    The buyout of energy services holding company AGL Resources has boosted Southern Company's customer base and diversified its offerings .

  • Signet Jewelers Limited
    (
    SIG)
    Upgraded: 10/12/19

    The ‘Signet Path to Brilliance’ Plan focuses on e-commerce growth, enhancing savings and undertaking innovations.

  • Vertex Pharmaceuticals Incorporated
    (
    VRTX)
    Upgraded: 10/11/19

    New regulatory approvals/line extensions are driving Vertex’s CF drugs’ sales. NDA filed for  triple combination CF regimens in July.

  • Uber Technologies, Inc.
    (
    UBER)
    Upgraded: 10/11/19

    Uber's efforts to expand its presence worldwide are commendable. Also, its impressive ridesharing revenues are likely to boost the top line going forward.

  • Aegion Corporation
    (
    AEGN)
    Upgraded: 10/11/19

    Aegion will benefit from acquisitions, strategic initiatives & divesture actions, and strong Energy Services prospects.

  • Leidos Holdings, Inc.
    (
    LDOS)
    Upgraded: 09/26/19

    Favorable Budgetary revisions, solid cash flow growth and solid contract inflows should keep Leidos’ momentum alive

  • Lululemon Athletica Inc.
    (
    LULU)
    Upgraded: 09/06/19

    The Power of Three strategic plan aims at doubling sales in the men’s and digital categories, and quadrupling sales in the international unit by 2023. This plan aided the second quarter results.

  • Steris Plc
    (
    STE)
    Upgraded: 08/07/19

    With the Synergy Health deal now over, STERIS’ combined business is expected to gain larger market share overseas. Additionally, STERIS' strong cash balance position is also encouraging.

New Downgrades: ROK, UNVR, PPG, WFC, ESI, SNP, TXT, WYNN, IP, AOS

  • Rockwell Automation, Inc.
    (
    ROK)
    Downgraded: 10/15/19

    Rockwell Automation’s performance will be affected by the slowdown in U.S manufacturing activity, weakness in automotive and semiconductor markets. It will also bear the brunt of tariffs.

  • Univar Inc.
    (
    UNVR)
    Downgraded: 10/15/19

    Weak demand from industrial end markets will hurt the company’s revenues. Moreover, higher freight expenses and unfavorable currency translation are expected to keep margins under pressure.

  • Ppg Industries, Inc.
    (
    PPG)
    Downgraded: 10/15/19

    PPG Industries faces headwinds from raw materials cost inflation and unfavorable currency translation. Soft industrial demand across most regions is also likely to impact its volumes.

  • Wells Fargo & Company
    (
    WFC)
    Downgraded: 10/12/19

    Wells Fargo’s involvement in a horde of legal issues is a concern. Also, escalating expenses and lower NII remain headwinds. Furthermore, declining mortgage income remains a major drag.

  • Platform Specialty Products Corporation
    (
    ESI)
    Downgraded: 10/12/19

    Element Solutions is exposed to headwinds in the electronics market, which may hurt its margins. Softness in certain end markets, especially in Asian electronics market, is another concern.

  • China Petroleum & Chemical Corporation
    (
    SNP)
    Downgraded: 10/12/19

    China’s slowest economic growth in decades is expected to affect the firm's refining business.

  • Textron Inc.
    (
    TXT)
    Downgraded: 10/12/19

    A comparative analysis of Textron’s historical EV/EBITDA ratio reflects a relatively gloomy picture that might be a cause of concern for investors. Moreover, it faces stringent competition.

  • Wynn Resorts, Limited
    (
    WYNN)
    Downgraded: 10/12/19

    High debt burden along with increased competition remain potent headwinds for the company

  • International Paper Company
    (
    IP)
    Downgraded: 10/12/19

    Lower price and unfavorable mix, operating expenses in its segments, rising raw material and distribution costs as well as unfavorable foreign currency translation remain concerns.

  • A. O. Smith Corporation
    (
    AOS)
    Downgraded: 10/11/19

    Ongoing business challenges in China, unfavorable movements in foreign currencies and rising steel prices remain concerns for A. O. Smith.

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