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Why Earnings Season Could Be Great for Church & Dwight (CHD)
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Investors are always looking for stocks that are poised to beat at earnings season and Church & Dwight Co., Inc. (CHD - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Church & Dwight is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CHD in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 68 cents per share for CHD, compared to a broader Zacks Consensus Estimate of 67 cents per share. This suggests that analysts have very recently bumped up their estimates for CHD, giving the stock a Zacks Earnings ESP of +1.80% heading into earnings season.
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Clearly, recent earnings estimate revisions suggest that good things are ahead for Church & Dwight, and that a beat might be in the cards for the upcoming report.
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Why Earnings Season Could Be Great for Church & Dwight (CHD)
Investors are always looking for stocks that are poised to beat at earnings season and Church & Dwight Co., Inc. (CHD - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Church & Dwight is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CHD in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 68 cents per share for CHD, compared to a broader Zacks Consensus Estimate of 67 cents per share. This suggests that analysts have very recently bumped up their estimates for CHD, giving the stock a Zacks Earnings ESP of +1.80% heading into earnings season.
Church Dwight Co., Inc. Price and EPS Surprise
Church Dwight Co., Inc. price-eps-surprise | Church Dwight Co., Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that CHD has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Church & Dwight, and that a beat might be in the cards for the upcoming report.
Zacks’ 2020 Election Stock Report:
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
Check out the 2020 Election Stock Report >>