Looking for a stock that might be in a good position to beat earnings at its next report? Consider Enable Midstream Partners, LP , a firm in the Oil and Gas - Production Pipeline - MLB 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, ENBL has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ENBL expected to post 16 cents per share, while it actually produced 20 cents per share, a beat of 25%. Meanwhile, for the most recent quarter, the company looked to deliver 20 cents per share, when it actually saw earnings of 24 cents per share instead, representing a 20% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Enable Midstream Partners. In fact, the Earnings ESP for ENBL 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 ENBL, as the firm currently has a Zacks Earnings ESP of +6.78%, so another beat could be around the corner.
This is particularly true when you consider that ENBL 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 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 ENBL could see another beat at its next report, especially if recent trends are any guide.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>
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Why Enable Midstream Partners (ENBL) is Poised to Beat Earnings Estimates (Again)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Enable Midstream Partners, LP , a firm in the Oil and Gas - Production Pipeline - MLB 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, ENBL has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ENBL expected to post 16 cents per share, while it actually produced 20 cents per share, a beat of 25%. Meanwhile, for the most recent quarter, the company looked to deliver 20 cents per share, when it actually saw earnings of 24 cents per share instead, representing a 20% positive surprise.
Enable Midstream Partners, LP Price and EPS Surprise
Enable Midstream Partners, LP Price and EPS Surprise | Enable Midstream Partners, LP Quote
Thanks in part to this history, recent estimates have been moving higher for Enable Midstream Partners. In fact, the Earnings ESP for ENBL 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 ENBL, as the firm currently has a Zacks Earnings ESP of +6.78%, so another beat could be around the corner.
This is particularly true when you consider that ENBL 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 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 ENBL could see another beat at its next report, especially if recent trends are any guide.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>