Looking for a stock that might be in a good position to beat earnings at its next report? Consider Superior Energy Services, Inc. , a firm in the Oil Field Machinery & Equipment 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, SPN 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, SPN expected to post a loss of 52 cents per share, while it actually posted a loss of 41 cents per share, a beat of 21.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 61 cents per share, when it actually incurred a loss of 49 cents per share instead, representing a 19.7% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Superior Energy Services. In fact, the Earnings ESP for SPN 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 SPN, as the firm currently has a Zacks Earnings ESP of 3.51%, so another beat could be around the corner.
This is particularly true when you consider that SPN has a great Zacks Rank #3 (Hold) 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 that SPN could see another beat at its next report, especially if recent trends are any guide.
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Why Superior Energy Services (SPN) Could Beat Earnings Estimates Again
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Superior Energy Services, Inc. , a firm in the Oil Field Machinery & Equipment 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, SPN 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, SPN expected to post a loss of 52 cents per share, while it actually posted a loss of 41 cents per share, a beat of 21.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 61 cents per share, when it actually incurred a loss of 49 cents per share instead, representing a 19.7% positive surprise.
SUPERIOR ENERGY Price and EPS Surprise
SUPERIOR ENERGY Price and EPS Surprise | SUPERIOR ENERGY Quote
Thanks in part to this history, recent estimates have been moving higher for Superior Energy Services. In fact, the Earnings ESP for SPN 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 SPN, as the firm currently has a Zacks Earnings ESP of 3.51%, so another beat could be around the corner.
This is particularly true when you consider that SPN has a great Zacks Rank #3 (Hold) 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 that SPN 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 >>