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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
KBH KB Home 0.08% 2.04 2.04 89.63 3 20.79% 09/24/24
ACN Accentur 0.37% 2.78 2.77 335.24 2 -0.32% 09/26/24
COST Costco W 0.62% 5.07 5.04 900.74 3 2.16% 09/26/24
CCL Carnival 2.99% 1.19 1.15 18.76 3 1,200.00% 09/30/24
DPZ Domino's 1.03% 3.71 3.68 411.71 3 8.92% 10/10/24

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

 

Company Symbol Price %Chg
Synchronoss... SNCR 12.71 +7.99%
American Ou... AOUT 9.05 +7.23%
JD.com, Inc... JD 28.74 +6.76%
ZIM Integra... ZIM 20.41 +6.75%
Willdan Gro... WLDN 41.10 +6.67%

Focus List Top Performers

 

Symbol Price Added Current Price %Chg
MSFT 55.09 438.68 +682.01%
LRCX 100.49 789.07 +652.18%
UNH 120.33 577.07 +382.55%
CACI 103.31 489.61 +367.90%
AXON 97.85 389.74 +291.43%

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Zacks Equity Research

New Upgrades: VIRT, SAP, RBC, PGR, CCI, ZTS, CVNA, FTNT, SIRI, MHK

  • Virtu Financial, Inc.
    (
    VIRT)
    Upgraded: 09/19/24

    Virtu Financial’s solid strength in Execution Services segment augur well for the long haul. Its capital position and reducing expenses also impress.

  • Sap Se
    (
    SAP)
    Upgraded: 09/18/24

    Continued momentum in cloud business is driving SAP's top line growth.

  • Rbc Bearings Incorporated
    (
    RBC)
    Upgraded: 09/17/24

    Strength across the Aerospace/Defense unit, product development initiatives and the Specline acquisition augur well for RBC Bearings. Handsome rewards to shareholders add to its appeal.

  • The Progressive Corporation
    (
    PGR)
    Upgraded: 09/14/24

    Progressive’s growth is likely to be aided by an expanded multi-product lineup, solid policies in force, competitive rates and leadership position in product, service and distribution innovation.

  • Crown Castle Inc.
    (
    CCI)
    Upgraded: 09/14/24

    Amid rising wireless connectivity usage, the company’s efforts to augment its tower business and fiber and small cells bode well. A solid revenue base is likely to support its dividend rate over time.

  • Zoetis Inc.
    (
    ZTS)
    Upgraded: 09/14/24

    Zoetis’ diversified product portfolio, global footprint and productive R&D should help drive both top and bottom-line growth.

  • Carvana Co.
    (
    CVNA)
    Upgraded: 09/14/24

    The acquisition of ADESA, strong demand and efficient cost management bolster the prospects of Carvana.

  • Fortinet, Inc.
    (
    FTNT)
    Upgraded: 09/14/24

    Product ramp ups, deal wins, continuous growth of the network security market and expected benefits from the ongoing investments are the positives.

  • Sirius Xm Holdings Inc.
    (
    SIRI)
    Upgraded: 09/13/24

    Pandora acquisition, growing subscriber base, partnership strength and solid content portfolio are key factors contributing to Sirius XM’s growth.

  • Mohawk Industries, Inc.
    (
    MHK)
    Upgraded: 09/07/24

    Mohawk enjoys a leading position in the home furnishings industry, and its strategic acquisitions & restructuring efforts are encouraging.

New Downgrades: TEF, CMG, CNQ, ABT, ARCH, TTE, DDS, MTW, MGA, GPC

  • Telefonica Sa
    (
    TEF)
    Downgraded: 09/19/24

    A debt-laden balance sheet, tight competition and forex headwinds remain woes.

  • Chipotle Mexican Grill, Inc.
    (
    CMG)
    Downgraded: 09/19/24

    Increasing commodity and wage expenses along with industry competition and customer dissatisfaction risks remain as potent headwinds.

  • Canadian Natural Resources Limited
    (
    CNQ)
    Downgraded: 09/18/24

    Canadian Natural Resources is set to face debt maturities each year out till 2027, thereby exposing it to refinancing risk at a time extremely volatile commodity prices.

  • Abbott Laboratories
    (
    ABT)
    Downgraded: 09/17/24

    The business environment continues to be challenging globally. The declining demand for the company’s COVID-19 tests may limit the overall growth. 

  • Arch Resources Inc.
    (
    ARCH)
    Downgraded: 09/14/24

    Third-party transportation systems, rising competition from other clean energy sources, and strict regulations are headwinds for the company.

  • Totalenergies Se Sponsored Adr
    (
    TTE)
    Downgraded: 09/14/24

    The geopolitical crisis relating to global operations and increasing competition in the space could dent the company’s profitability.

  • Dillard's, Inc.
    (
    DDS)
    Downgraded: 08/17/24

    Dillard’s continues to witness the effects of a challenging retail environment due to the cautious buying behavior of consumers, which impacted the sales and comps in Q2.

  • The Manitowoc Company, Inc.
    (
    MTW)
    Downgraded: 08/10/24

    Low demand in China and the ongoing weakness in the European tower crane market remains a headwind for Manitowoc. In addition, elevated input and labor costs will likely continue to hurt its margins

  • Magna International Inc.
    (
    MGA)
    Downgraded: 07/20/24

    Rising debt, concentrated customer base and high capital spending might hurt Magna's performance.

  • Genuine Parts Company
    (
    GPC)
    Downgraded: 07/16/24

    High SG&A costs, stiff competition, mandatory minimum wage increases and forex woes pose concerns. 

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