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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Potlatch Corporation (PCH - Free Report) , a firm in the Building Products 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, PCH has beaten estimates by at least 30% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PCH expected to post earnings of 6 cents per share, while it actually produced earnings of 9 cents per share, a beat of 50%. Meanwhile, for the most recent quarter, the company looked to deliver losses of a penny per share, while it actually produced breakeven instead, a beat of 100%.
Thanks in part to this history, recent estimates have been moving higher for Potlatch. In fact, the Earnings ESP for PCH 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 PCH, as the firm currently has a Zacks Earnings ESP of 42.86%, so another beat could be around the corner.
This is particularly true when you consider that PCH has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And 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 PCH could see another beat at its next report, especially if recent trends are any guide.
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Should You Buy Potlatch (PCH) Ahead of Earnings?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Potlatch Corporation (PCH - Free Report) , a firm in the Building Products 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, PCH has beaten estimates by at least 30% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, PCH expected to post earnings of 6 cents per share, while it actually produced earnings of 9 cents per share, a beat of 50%. Meanwhile, for the most recent quarter, the company looked to deliver losses of a penny per share, while it actually produced breakeven instead, a beat of 100%.
POTLATCH CORP Price and EPS Surprise
POTLATCH CORP Price and EPS Surprise | POTLATCH CORP Quote
Thanks in part to this history, recent estimates have been moving higher for Potlatch. In fact, the Earnings ESP for PCH 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 PCH, as the firm currently has a Zacks Earnings ESP of 42.86%, so another beat could be around the corner.
This is particularly true when you consider that PCH has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And 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 PCH could see another beat at its next report, especially if recent trends are any guide.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>