Investors are always looking for stocks that are poised to beat at earnings season and Raytheon Company may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Raytheon is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for RTN in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.14 per share for RTN, compared to a broader Zacks Consensus Estimate of $2.10 per share. This suggests that analysts have very recently bumped up their estimates for RTN, giving the stock a Zacks Earnings ESP of +1.91% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that RTN has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Raytheon, and that a beat might be in the cards for the upcoming report.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
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Why Raytheon (RTN) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and Raytheon Company may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Raytheon is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for RTN in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.14 per share for RTN, compared to a broader Zacks Consensus Estimate of $2.10 per share. This suggests that analysts have very recently bumped up their estimates for RTN, giving the stock a Zacks Earnings ESP of +1.91% heading into earnings season.
Raytheon Company Price and EPS Surprise
Raytheon Company Price and EPS Surprise | Raytheon Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that RTN has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Raytheon, and that a beat might be in the cards for the upcoming report.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>