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Will Bill Barrett (BBG) Crush Estimates at Its Next Earnings Report?

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Bill Barrett Corporation , 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, BBG has beaten estimates by at least 30% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, BBG was expected to post a loss of 21 cents per share, while it actually produced a loss of 13 cents per share, a beat of 38.1%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 15 cents per share, when it actually saw a loss per share of 10 cents instead, representing a 33.3% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Bill Barrett. In fact, the Earnings ESP for BBG 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 BBG, as the firm currently has a Zacks Earnings ESP of 9.09%, so another beat could be around the corner.

This is particularly true when you consider that BBG 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 BBG could see another beat at its next report, especially if recent trends are any guide.


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