Back to top

Tale of the Tape

Zacks Equity Research

Why Gulfport (GPOR) is Poised to Beat Earnings Estimates (Again)
October 18, 2016

GPOR

Trades from $3

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Gulfport Energy Corp. (GPOR - Free Report) , a firm in the Oil & Gas - US Exploration & Production 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, GPOR has beaten estimates by at least 50% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, GPOR expected to post earnings of 8 cents per share, while it actually produced earnings of 14 cents per share, a beat of 75%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 16 cents per share, when it actually produced earnings of 24 cents per share instead, representing a 50% positive surprise.  

GULFPORT ENGY Price and EPS Surprise

 

GULFPORT ENGY Price and EPS Surprise | GULFPORT ENGY Quote

Thanks in part to this history, recent estimates have been moving higher for Gulfport. In fact, the Earnings ESP for GPOR 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 GPOR, as the firm currently has a Zacks Earnings ESP of 20%, so another beat could be around the corner.

This is particularly true when you consider that GPOR has a great Zacks Rank #2 (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 GPOR could see another beat at its next report, especially if recent trends are any guide.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

In-Depth Zacks Research for the Tickers Above

GULFPORT ENGY (GPOR) - FREE report >>