We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Earnings Streak Will Continue for SM Energy (SM)
Read MoreHide Full Article
Looking for a stock that might be in a good position to beat earnings at its next report? Consider SM Energy Company (SM - Free Report) , a firm in the Oil & Gas - US Exploration & Production, 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, SM has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SM expected to post a loss of 69 cents per share, while it actually produced a loss of 44 cents per share, a beat of 36.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 63 cents per share, when it actually posted a loss of 37 cents per share, representing 41.3% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for SM Energy. In fact, the Earnings ESP for SM 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 SM, as the firm currently has a Zacks Earnings ESP of 2.38%, 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 SM could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Earnings Streak Will Continue for SM Energy (SM)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider SM Energy Company (SM - Free Report) , a firm in the Oil & Gas - US Exploration & Production, 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, SM has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SM expected to post a loss of 69 cents per share, while it actually produced a loss of 44 cents per share, a beat of 36.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 63 cents per share, when it actually posted a loss of 37 cents per share, representing 41.3% positive surprise.
SM ENERGY CO Price and EPS Surprise
SM ENERGY CO Price and EPS Surprise | SM ENERGY CO Quote
Thanks in part to this history, recent estimates have been moving higher for SM Energy. In fact, the Earnings ESP for SM 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 SM, as the firm currently has a Zacks Earnings ESP of 2.38%, so another beat could be around the corner.
This is particularly true when you consider that SM 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 (Strong Buy) Rank 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 SM could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>