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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
M Macy's, 6.28% 0.53 0.49 41.87 2 33.33% 08/15/18
LXFT Luxoft H 8.27% 0.36 0.33 43.80 3 0.00% 08/15/18
NTAP NetApp, 1.37% 0.82 0.80 82.76 3 3.96% 08/15/18
PLCE Children 4.80% 0.60 0.57 133.85 3 -15.77% 08/15/18
SCCO Southern 7.49% 0.67 0.62 43.98 3 0.00% 08/15/18

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
Vitamin Sho... VSI 12.95 +4.23%
Hanger Inc.... HNGR 16.75 +3.27%
Hallmark Fi... HALL 10.66 +1.14%
Conduent In... CNDT 20.38 +0.99%
Allison Tra... ALSN 46.34 +0.48%

Focus List Top Performers

 

Symbol Price Added Current Price %Chg
SQ 17.25 72.24 +334.61%
UNH 120.33 260.70 +118.96%
MU 23.26 47.48 +117.63%
CMA 46.85 96.66 +108.28%
MSFT 55.09 107.66 +98.87%

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New Upgrades: PSX, WSM, CAT, ENDP, DLTR, DG, BIIB, YELP, FL, PCTY

  • Phillips 66
    (
    PSX)
    Upgraded: 08/15/18

    Phillips 66 will likely allocate money for higher margin business units like Midstream and Chemicals to earn more profit.

  • Williams-sonoma, Inc.
    (
    WSM)
    Upgraded: 08/14/18

    Continued enhancement of e-commerce channel, optimization of supply chain and the transformation of retail fleet by investing in new and remodeled stores are expected to drive growth 

  • Caterpillar Inc.
    (
    CAT)
    Upgraded: 08/14/18

    Higher sales volumes due to improving end-market demand and cost discipline will drive revenues and margins across Caterpillar’s three segments — Construction, Resource Industries and Energy Transportation.

  • Endo International Plc
    (
    ENDP)
    Upgraded: 08/11/18

    We are impressed by Endo’s growth-by-acquisition strategy. The company’s efforts to prioritize its R&D projects bode well.

  • Dollar Tree, Inc.
    (
    DLTR)
    Upgraded: 08/11/18

    Focus on the consumables and discretionary categories and the everyday low-price model are factors that are expected to drive traffic.

  • Dollar General Corporation
    (
    DG)
    Upgraded: 08/11/18

    We believe Dollar General’s commitment towards better price management, cost containment, effective inventory management, merchandise and operational initiatives should drive sales higher.

  • Biogen Inc.
    (
    BIIB)
    Upgraded: 08/11/18

    Biogen holds a strong position in the MS market. In addition to consolidating its position in this market, Biogen is also working on diversifying its pipeline.

  • Yelp Inc.
    (
    YELP)
    Upgraded: 08/11/18

    Yelp is benefiting from a growing total addressable market, expanding mobile reach, high quality content and improving user engagement.

  • Foot Locker, Inc.
    (
    FL)
    Upgraded: 08/11/18

    We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store refurbishment and enhancement of assortments are likely to benefit the company in the long run.

  • Paylocity Holding Corporation
    (
    PCTY)
    Upgraded: 08/11/18

    We remain positive about Paylocity’s regular investments in SaaS technology. Also, regular investments in technological upgrades, along with product innovation, will continue to boost the company’s top line.

New Downgrades: WMT, MELI, KRO, FLO, GLNG, GME, SLM, MYL, JLL, VVUS

  • Walmart Inc.
    (
    WMT)
    Downgraded: 08/15/18

    Walmart’s compelling pricing strategy have been weighing on its gross margin for a while now, and remains a concern going forward.

  • Mercadolibre, Inc.
    (
    MELI)
    Downgraded: 08/14/18

    Increased expenses, intensifying competition from Amazon and Wal-Mart, high foreign exchange risk and seasonality are major overhangs.

  • Kronos Worldwide Inc
    (
    KRO)
    Downgraded: 08/14/18

    Kronos Worldwide faces challenges from declining production volumes. Higher raw material costs are also expected to weigh on its margins. The company's high debt level is another concern.

  • Flowers Foods, Inc.
    (
    FLO)
    Downgraded: 08/11/18

    The company’s declining margins and higher materials, supplies, labor and other production costs are headwinds.

  • Golar Lng Limited
    (
    GLNG)
    Downgraded: 08/11/18

    The company’s results in the second quarter might be hurt by a seasonal softening of the shipping market.

  • Gamestop Corp.
    (
    GME)
    Downgraded: 08/11/18

    We note that the company’s Technology Brand has been witnessing soft sales since the past few past few quarters. Meanwhile, a gradual shift to digital and mobile downloads is also posing a threat to its software business.

  • Slm Corporation
    (
    SLM)
    Downgraded: 08/11/18

    Escalating expenses, stretched valuation along with Sallie Mae’s significant exposure to brokered deposits as key source for funding remain primary concerns.

  • Mylan N.v.
    (
    MYL)
    Downgraded: 08/10/18

    The EpiPen woes continue to plague Mylan. In addition, the failure of the biosimilar study was also disappointing.

  • Jones Lang Lasalle Incorporated
    (
    JLL)
    Downgraded: 08/10/18

    Stiff competition and uneasiness in certain global economies remain concerns. Also, any rise in the interest rate may hurt the growth tempo of the commercial real estate sector, adversely affecting JLL’s business activities.

  • Vivus, Inc.
    (
    VVUS)
    Downgraded: 08/09/18

    Qsymia sales are yet to pick up and new competition continues to enter the obesity market. Qysmia is also facing patent challenges.

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