Looking for a stock that might be in a good position to beat earnings at its next report? Consider Proofpoint, Inc. , a firm in the Computer Software 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, PFPT has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PFPT expected to have a loss of 60 cents per share, while it actually produced loss of 54 cents per share, a beat of 10.0%. Meanwhile, for the most recent quarter, the company looked to deliver loss of 61 cents per share, when it actually saw loss of 39 cents per share instead, representing a 36% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Proofpoint. In fact, the Earnings ESP for PFPT 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 PFPT, as the firm currently has a Zacks Earnings ESP of 14.29%, so another beat could be around the corner.
This is particularly true when you consider that PFPT 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 that PFPT could see another beat at its next report, especially if recent trends are any guide.
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Why Proofpoint (PFPT) Could Beat Earnings Estimates Again
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Proofpoint, Inc. , a firm in the Computer Software 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, PFPT has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PFPT expected to have a loss of 60 cents per share, while it actually produced loss of 54 cents per share, a beat of 10.0%. Meanwhile, for the most recent quarter, the company looked to deliver loss of 61 cents per share, when it actually saw loss of 39 cents per share instead, representing a 36% positive surprise.
PROOFPOINT INC Price and Consensus
PROOFPOINT INC Price and Consensus | PROOFPOINT INC Quote
Thanks in part to this history, recent estimates have been moving higher for Proofpoint. In fact, the Earnings ESP for PFPT 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 PFPT, as the firm currently has a Zacks Earnings ESP of 14.29%, so another beat could be around the corner.
This is particularly true when you consider that PFPT 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 that PFPT could see another beat at its next report, especially if recent trends are any guide.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>