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Why B2Gold (BTG) Could Beat Earnings Estimates Again

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider B2Gold Corp. (BTG - Free Report) , a firm in the Mining-Gold 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, BTG has beaten estimates by at least 50% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, BTG expected to post earnings of 1 cent per share, while it actually posted earnings of 2 cents per share, a beat of 100%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 2 cents per share, when it actually reported earnings of 3 cents per share instead, representing a 50% positive surprise.  

B2GOLD CORP Price, Consensus and EPS Surprise

 

B2GOLD CORP Price, Consensus and EPS Surprise | B2GOLD CORP Quote

Thanks in part to this history, recent estimates have been moving higher for B2Gold. In fact, the Earnings ESP for BTG 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 BTG, as the firm currently has a Zacks Earnings ESP of 66.67%, so another beat could be around the corner.

This is particularly true when you consider that BTG has a great Zacks Rank #1 (Strong 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 that BTG could see another beat at its next report, especially if recent trends are any guide.

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