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Earnings ESP (Expected Surprise Prediction)

Top Stocks to Beat Earnings

Symbol Company
Name
ESP Most Accurate
Estimate
Consensus
Estimate
Price Zacks Rank %Surprise
(lst Qtr.)
Reporting Date
COST Costco W 0.09% 1.62 1.61 226.50 3 0.85% 12/13/18
CIEN Ciena Co 0.75% 0.49 0.49 31.59 2 37.14% 12/13/18
HDB HDFC Ban 1.86% 0.82 0.81 95.56 3 0.00% 12/12/18

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

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See the Full List of Stocks To Beat Earnings

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Portfolios

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers Zacks #1 Rank Top Movers for

 

Company Symbol Price %Chg
SilverBow R... SBOW 23.45 +4.59%
Unit Corpor... UNT 18.33 +2.69%
ARC Documen... ARC 2.36 +2.61%
CSG Systems... CSGS 32.70 +2.57%
Enova Inter... ENVA 20.31 +2.11%

Focus List Top Performers

 

Symbol Price Added Current Price %Chg
SQ 17.25 61.78 +258.14%
UNH 120.33 267.22 +122.07%
MSFT 55.09 108.59 +97.11%
SAM 168.00 268.97 +60.10%
LULU 73.64 116.85 +58.68%

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Zacks Equity Research

New Upgrades: SYK, SON, DUK, CTXS, RDUS, CINF, TRMB, EIX, RYAAY, WCC

  • Stryker Corporation
    (
    SYK)
    Upgraded: 12/11/18

    Stryker’s flagship Mako Total Knee Platform and a diversified product portfolio should support the growth of its global business.

  • Sonoco Products Company
    (
    SON)
    Upgraded: 12/11/18

    Sonoco is poised to gain from pricing initiatives, focus on Grow and Optimize strategy, and a strong balance sheet position. Further, Conitex-Sonoco joint venture will drive growth.

  • Duke Energy Corporation
    (
    DUK)
    Upgraded: 12/11/18

    Duke Energy’s shift to renewable business, solid investment plans and its stable financial position will bode well, going forward

  • Citrix Systems, Inc.
    (
    CTXS)
    Upgraded: 12/11/18

    Citrix is gaining from increasing demand for desktop virtualization solutions and expanding customer base.

  • Radius Health, Inc.
    (
    RDUS)
    Upgraded: 12/11/18

    The FDA’s approval of Radius Health’s lead drug, Tymlos, is a significant boost for the company.

  • Cincinnati Financial Corporation
    (
    CINF)
    Upgraded: 12/11/18

    The company’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth.

  • Trimble Inc.
    (
    TRMB)
    Upgraded: 12/11/18

    Product enhancements and introductions, a re-aligned cost structure, improving mix of software and services revenues, and international expansion are  positives.

  • Edison International
    (
    EIX)
    Upgraded: 12/08/18

    Focus on transmission and distribution infrastructural development programs along with expansion of its operations will help Edison International to boost its top line.

  • Ryanair Holdings Plc
    (
    RYAAY)
    Upgraded: 12/08/18

  • Wesco International, Inc.
    (
    WCC)
    Upgraded: 12/08/18

    WESCO enjoys a strong market position and a global account model, and its business is currently being driven by strengthening end markets and its One WESCO value proposition.

New Downgrades: NYT, OPHT, HE, AOS, NLSN, PEP, ORCL, PHG, WAFD, RJF

  • The New York Times Company
    (
    NYT)
    Downgraded: 12/11/18

    Needless to say, soft advertising revenue, primarily the print, remain one of the headwinds. Total advertising revenue in the fourth quarter is projected to decline in the mid-single digits.

  • Ophthotech Corporation
    (
    OPHT)
    Downgraded: 12/11/18

    Following the failure of Fovista Ophthotech is developing Zimura for wet AMD, a space which is facing rising competition.

  • Hawaiian Electric Industries, Inc.
    (
    HE)
    Downgraded: 12/11/18

    Interest rate hikes and commodity price fluctuations might deter the company’s growth substantially.

  • A. O. Smith Corporation
    (
    AOS)
    Downgraded: 12/11/18

    Increasing costs in China and unfavorable movements in foreign currencies as well as rising steel prices adds to A. O. Smith's woes.

  • Nielsen Holdings Plc
    (
    NLSN)
    Downgraded: 12/11/18

    Nielsen operates in a highly competitive segment of the technology and media industry. The company’s high exposure to foreign currency headwinds, weakness in Europe and high debt level remain the head

  • Pepsico, Inc.
    (
    PEP)
    Downgraded: 12/11/18

    Unfavorable impact from foreign exchange due to the recent strengthening of the U.S. dollar is likely to weigh on PepsiCo’s 2018 EPS.

  • Oracle Corporation
    (
    ORCL)
    Downgraded: 12/08/18

    Stiff competition, lawsuits and currency volatility are likely to impact Oracle as it transitions from licensing to cloud.

  • Koninklijke Philips N.v.
    (
    PHG)
    Downgraded: 12/08/18

    Philips’ near-term profitability is likely to be hurt by currency headwinds, sluggish Personal Health sales and tariffs due to the U.S.-China trade war.

  • Washington Federal, Inc.
    (
    WAFD)
    Downgraded: 12/08/18

    Steadily increasing operating expenses and exposure to risky loan portfolios continue to keep Washington Federal’s financials under pressure.

  • Raymond James Financial, Inc.
    (
    RJF)
    Downgraded: 12/08/18

    Rising expenses and dismal underwriting performance remain major near-term concerns for Raymond James.

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