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Why the Earnings Streak Will Continue for B&G Foods (BGS)
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider B&G Foods, Inc. (BGS - Free Report) , a firm in the Food-Miscellaneous space, 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, BGS has beaten estimates by at least 5% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BGS expected to post earnings of 46 cents per share, while it actually produced earnings of 57 cents per share, a beat of 23.9%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 52 cents per share, when it actually produced earnings of 56 cents per share, a beat of 7.7%.
Thanks in part to this history, recent estimates have been moving higher for B&G Foods. In fact, the Earnings ESPfor BGS 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 BGS, as the firm currently has a Zacks Earnings ESP of 2.50%, 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 BGS 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 B&G Foods (BGS)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider B&G Foods, Inc. (BGS - Free Report) , a firm in the Food-Miscellaneous space, 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, BGS has beaten estimates by at least 5% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BGS expected to post earnings of 46 cents per share, while it actually produced earnings of 57 cents per share, a beat of 23.9%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 52 cents per share, when it actually produced earnings of 56 cents per share, a beat of 7.7%.
Thanks in part to this history, recent estimates have been moving higher for B&G Foods. In fact, the Earnings ESPfor BGS is positive, which is a great sign of a coming beat.
B&G FOODS CL-A Price and EPS Surprise
B&G FOODS CL-A Price and EPS Surprise | B&G FOODS CL-A Quote
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 BGS, as the firm currently has a Zacks Earnings ESP of 2.50%, so another beat could be around the corner.
This is particularly true when you consider that BGS has a great Zacks Rank #1 (Strong 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 BGS 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 >>