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Why the Earnings Streak Will Continue for Matador Resources (MTDR)
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Matador Resources Company (MTDR - Free Report) , a firm in the Oil and Gas - Exploration and Production - United States 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, MTDR has beaten estimates by at least 90% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, MTDR expected to post a loss of 11 cents per share, while it actually produced a loss of 1 cent per share, a beat of 90.9%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 1 cent per share, when it actually saw earnings per share of 6 cents instead, representing a significant positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Matador Resources. In fact, the Earnings ESP for MTDR 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 MTDR, as the firm currently has a Zacks Earnings ESP of 12.50%, so another beat could be around the corner.
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 MTDR could see another beat at its next report, especially if recent trends are any guide.
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Why the Earnings Streak Will Continue for Matador Resources (MTDR)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Matador Resources Company (MTDR - Free Report) , a firm in the Oil and Gas - Exploration and Production - United States 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, MTDR has beaten estimates by at least 90% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, MTDR expected to post a loss of 11 cents per share, while it actually produced a loss of 1 cent per share, a beat of 90.9%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 1 cent per share, when it actually saw earnings per share of 6 cents instead, representing a significant positive surprise.
MATADOR RESOURC Price and EPS Surprise
MATADOR RESOURC Price and EPS Surprise | MATADOR RESOURC Quote
Thanks in part to this history, recent estimates have been moving higher for Matador Resources. In fact, the Earnings ESP for MTDR 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 MTDR, as the firm currently has a Zacks Earnings ESP of 12.50%, so another beat could be around the corner.
This is particularly true when you consider that MTDR has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 MTDR could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>