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How to Take Advantage of Impressive Q4 2016 Earnings Reports

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To date, Wall Street has seen impressive Q4 2016 earnings reports. 75% of the 105 companies that have reported experienced positive news, meaning they beat earnings estimates. Clearly there is opportunity to capture profit this earnings season and Zacks ESP filter provides an effective way to approach the noise.

Zacks ESP (Expected Surprise Prediction) filter gives a way to focus on companies which have the greatest probability of significant price movement after their earnings announcement.

 The prediction is calculated by dividing the Most Accurate Estimate by Zacks Consensus Estimate. With the combination of a positive ESP and Zacks Rank #1, #2 or #3, 70% of stocks will beat their consensus estimates. To most effectively use the filter consider a 7 day period before companies report.

Earnings Whisper

To show you how to easily approach earnings announcements, using Zacks ESP filter, I have chosen to take a look at Wabash National Corp. (WNC - Free Report) .

Wabash National Corp.  is set to release Q4 fiscal year 2016 earnings at 10:00 AM ET – 7 days from today. A leading manufacturer of American semi-trailers, the company is known for their new technologies and innovations such as their DuraPlate composite panel.

Zacks Rank shows a #2 (Buy) rating for Wabash National Corp. with an ESP of 2.63%. The ESP was calculated with the Most Accurate Estimate at $0.39 a share and the Consensus at $0.38.

Zacks has successfully simplified and focused trading earnings season with the ESP filter and Zacks Rank. With our proven success, utilize Zacks to actualize the potential of this earnings season; your portfolio deserves the gains.

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