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 Applied Optoelectronics (AAOI)
Read MoreHide Full Article
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Applied Optoelectronics, Inc. (AAOI - Free Report) , a firm in the Electronics – Semiconductors 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, AAOI has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, AAOI expected to post a earnings of 95 cents per share, while it actually produced an earnings of $1.10 per share, a beat of 15.8%. Meanwhile, for the most recent quarter, the company looked to deliver a earnings of $1.35 per share, when it actually posted earnings of $1.54 per share instead, representing a 14.1% positive surprise.
Applied Optoelectronics, Inc. Price and EPS Surprise
Thanks in part to this history, recent estimates have been moving higher for Applied Optoelectronics. In fact, the Earnings ESP for AAOI 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 AAOI, as the firm currently has a Zacks Earnings ESP of +6.76%, 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 AAOI could see another beat at its next report, especially if recent trends are any guide.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Why the Earnings Streak Will Continue for Applied Optoelectronics (AAOI)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Applied Optoelectronics, Inc. (AAOI - Free Report) , a firm in the Electronics – Semiconductors 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, AAOI has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, AAOI expected to post a earnings of 95 cents per share, while it actually produced an earnings of $1.10 per share, a beat of 15.8%. Meanwhile, for the most recent quarter, the company looked to deliver a earnings of $1.35 per share, when it actually posted earnings of $1.54 per share instead, representing a 14.1% positive surprise.
Applied Optoelectronics, Inc. Price and EPS Surprise
Applied Optoelectronics, Inc. Price and EPS Surprise | Applied Optoelectronics, Inc. Quote
Thanks in part to this history, recent estimates have been moving higher for Applied Optoelectronics. In fact, the Earnings ESP for AAOI 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 AAOI, as the firm currently has a Zacks Earnings ESP of +6.76%, so another beat could be around the corner.
This is particularly true when you consider that AAOI has a great Zacks Rank #3 (Hold) 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 AAOI could see another beat at its next report, especially if recent trends are any guide.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>