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Can Midstream Partners (MMLP) Keep the Earnings Streak Alive This Quarter?
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Martin Midstream Partners L.P. (MMLP - Free Report) , a firm in the Transportation – Shipping 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, MMLP has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Two quarters ago, MMLP expected to post earnings of 35 cents per share, while it actually produced 49 cents earnings per share, a beat of 40%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 26 cents per share, when it actually delivered 36 cents
Martin Midstream Partners L.P. Price and EPS Surprise
Thanks in part to this history, recent estimates have been moving higher for Midstream Partners. In fact, the Earnings ESP for MMLP 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 MMLP, as the firm currently has a Zacks Earnings ESP of +75.00%, 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 MMLP could see another beat at its next report, especially if recent trends are any guide.
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Can Midstream Partners (MMLP) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Martin Midstream Partners L.P. (MMLP - Free Report) , a firm in the Transportation – Shipping 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, MMLP has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Two quarters ago, MMLP expected to post earnings of 35 cents per share, while it actually produced 49 cents earnings per share, a beat of 40%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 26 cents per share, when it actually delivered 36 cents
Martin Midstream Partners L.P. Price and EPS Surprise
Martin Midstream Partners L.P. Price and EPS Surprise | Martin Midstream Partners L.P. Quote
Thanks in part to this history, recent estimates have been moving higher for Midstream Partners. In fact, the Earnings ESP for MMLP 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 MMLP, as the firm currently has a Zacks Earnings ESP of +75.00%, so another beat could be around the corner.
This is particularly true when you consider that MMLP 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 MMLP could see another beat at its next report, especially if recent trends are any guide.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>