Looking for a stock that might be in a good position to beat earnings at its next report? Consider TimkenSteel Corporation , a firm in the Steel-Producing industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, TMST has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, TMST expected to post a loss of 69 cents per share, while it actually produced a loss of 58 cents per share, a beat of 15.9%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 37 cents per share, while it actually produced a loss of 31 cents per share instead, a beat of 16.2%.
Thanks in part to this history, recent estimates have been moving higher for TimkenSteel. In fact, the Earnings ESPfor TMST is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for TMST, as the firm currently has a Zacks Earnings ESP of 19.23%, so another beat could be around the corner.
This is particularly true when you consider that TMST has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70%of the time, so it seems pretty likely thatTMST could see another beat at its next report, especially if recent trends are any guide.
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Why TimkenSteel (TMST) Could Beat Earnings Estimates Again
Looking for a stock that might be in a good position to beat earnings at its next report? Consider TimkenSteel Corporation , a firm in the Steel-Producing industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, TMST has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, TMST expected to post a loss of 69 cents per share, while it actually produced a loss of 58 cents per share, a beat of 15.9%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 37 cents per share, while it actually produced a loss of 31 cents per share instead, a beat of 16.2%.
Thanks in part to this history, recent estimates have been moving higher for TimkenSteel. In fact, the Earnings ESPfor TMST is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for TMST, as the firm currently has a Zacks Earnings ESP of 19.23%, so another beat could be around the corner.
This is particularly true when you consider that TMST has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70%of the time, so it seems pretty likely thatTMST could see another beat at its next report, especially if recent trends are any guide.
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 >>