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Isle of Capri Casinos (ISLE) Q4 Earnings: Surprise in Store?
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Isle of Capri Casinos, Inc. is slated to release fourth-quarter fiscal 2016 financial numbers on Jun 14, before the opening bell.
Last quarter, Isle of Capri Casinos posted a 15.00% negative earnings surprise. However, the company’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 26.76%.
Let’s see how things are shaping up for this announcement.
Isle of Capri Casinos’ continual efforts to optimize its marketing and operating model is likely to drive the company’s top and bottom line in the quarter. Moreover, improved quality of the company’s asset portfolio coupled with rollout of new initiatives should further boost the quarter’s performance.
However, challenging weather conditions led to a revenue decline in almost all the properties of the company in the last quarter and might hamper results in the to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively show that Isle of Capri Casinos is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: Isle of Capri Casinos has an earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 59 cents.
Zacks Rank: Isle of Capri Casinos has a Zacks Rank #3 which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
On the other hand, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Boyd Gaming Corporation (BYD - Free Report) has an earnings ESP of +19.36% and a Zacks Rank #3.
Las Vegas Sands Corp. (LVS - Free Report) has an earnings ESP of +1.75% and a Zacks Rank #3.
The Walt Disney Company (DIS - Free Report) has an earnings ESP of +1.24% and a Zacks Rank #3.
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 >>
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Isle of Capri Casinos (ISLE) Q4 Earnings: Surprise in Store?
Isle of Capri Casinos, Inc. is slated to release fourth-quarter fiscal 2016 financial numbers on Jun 14, before the opening bell.
Last quarter, Isle of Capri Casinos posted a 15.00% negative earnings surprise. However, the company’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 26.76%.
Let’s see how things are shaping up for this announcement.
ISLE OF CAPRI Price and EPS Surprise
ISLE OF CAPRI Price and EPS Surprise | ISLE OF CAPRI Quote
Factors Likely to Influence this Quarter
Isle of Capri Casinos’ continual efforts to optimize its marketing and operating model is likely to drive the company’s top and bottom line in the quarter. Moreover, improved quality of the company’s asset portfolio coupled with rollout of new initiatives should further boost the quarter’s performance.
However, challenging weather conditions led to a revenue decline in almost all the properties of the company in the last quarter and might hamper results in the to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively show that Isle of Capri Casinos is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: Isle of Capri Casinos has an earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 59 cents.
Zacks Rank: Isle of Capri Casinos has a Zacks Rank #3 which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
On the other hand, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:
Boyd Gaming Corporation (BYD - Free Report) has an earnings ESP of +19.36% and a Zacks Rank #3.
Las Vegas Sands Corp. (LVS - Free Report) has an earnings ESP of +1.75% and a Zacks Rank #3.
The Walt Disney Company (DIS - Free Report) has an earnings ESP of +1.24% and a Zacks Rank #3.
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 >>