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Why Earnings Season Could Be Great for QCR Holdings (QCRH)
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Investors are always looking for stocks that are poised to beat at earnings season and QCR Holdings, Inc. (QCRH - Free Report) 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 QCR Holdings 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 QCRH in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 81 cents per share for QCRH, compared to a broader Zacks Consensus Estimate of 68 cents. This suggests that analysts have very recently bumped up their estimates for QCRH, giving the stock a Zacks Earnings ESP of +20.00% heading into earnings season.
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).
Clearly, recent earnings estimate revisions suggest that good things are ahead for QCR Holdings, and that a beat might be in the cards for the upcoming report.
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From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
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Why Earnings Season Could Be Great for QCR Holdings (QCRH)
Investors are always looking for stocks that are poised to beat at earnings season and QCR Holdings, Inc. (QCRH - Free Report) 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 QCR Holdings 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 QCRH in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 81 cents per share for QCRH, compared to a broader Zacks Consensus Estimate of 68 cents. This suggests that analysts have very recently bumped up their estimates for QCRH, giving the stock a Zacks Earnings ESP of +20.00% heading into earnings season.
QCR Holdings, Inc. Price and EPS Surprise
QCR Holdings, Inc. price-eps-surprise | QCR Holdings, Inc. 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 QCRH 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 QCR Holdings, and that a beat might be in the cards for the upcoming report.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
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