Looking for a stock that might be in a good position to beat earnings at its next report? Consider The Liberty Media Group , a firm in the Media Conglomerate 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, LMCA has beaten estimates by at least 105% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, LMCA expected to post a loss of 47 cents per share, while it actually produced earnings of 4 cents per share, a beat of 108.51%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 40 cents per share, when it actually produced earnings of 48 cents per share instead, representing a 220% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Liberty Media. In fact, the Earnings ESP for LMCA is positive, which is a great sign of a coming beat.
LIBERTY MEDIA-A Price and EPS Surprise
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 LMCA, as the firm currently has a Zacks Earnings ESP of 51.52%, so another beat could be around the corner.
This is particularly true when you consider that LMCA 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 LMCA 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 Liberty Media (LMCA)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider The Liberty Media Group , a firm in the Media Conglomerate 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, LMCA has beaten estimates by at least 105% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, LMCA expected to post a loss of 47 cents per share, while it actually produced earnings of 4 cents per share, a beat of 108.51%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 40 cents per share, when it actually produced earnings of 48 cents per share instead, representing a 220% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Liberty Media. In fact, the Earnings ESP for LMCA is positive, which is a great sign of a coming beat.
LIBERTY MEDIA-A Price and EPS Surprise
LIBERTY MEDIA-A Price and EPS Surprise | LIBERTY MEDIA-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 LMCA, as the firm currently has a Zacks Earnings ESP of 51.52%, so another beat could be around the corner.
This is particularly true when you consider that LMCA 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 LMCA could see another beat at its next report, especially if recent trends are any guide.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>