Looking for a stock that might be in a good position to beat earnings at its next report? Consider Superior Industries International, Inc. (SUP - Free Report) , a firm in the Auto/Truck Original Equipment 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, SUP has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SUP expected to post earnings of 46 cents per share, while it actually produced earnings of 56 cents per share, a beat of 21.7%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 45 cents per share, when it actually produced earnings of 52 cents per share instead, representing a 15.6% surprise.
SUPERIOR INDS Price and EPS Surprise
Thanks in part to this history, recent estimates have been moving higher for Superior Industries. In fact, the Earnings ESP for SUP 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 SUP as the firm currently has a Zacks Earnings ESP of 10.00%, so another beat could be around the corner.
This is particularly true when you consider that SUP has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 SUP could see another beat at its next report, especially if recent trends are any guide.
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