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Can U.S. Silica (SLCA) Keep the Earnings Streak Alive This Quarter?

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider U.S. Silica Holdings, Inc. (SLCA - Free Report) , a firm in the Mining – Miscellaneous 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, SLCA has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus                          

Two quarters ago, SLCA expected to post a loss of 23 cents per share, while it actually produced a loss of 17 cents per share, a beat of 26.1%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 19 cents per share, when it actually posted loss of 13 cents per share instead, representing a 31.6% positive surprise.

US SILICA HOLDI Price and EPS Surprise

 

US SILICA HOLDI Price and EPS Surprise | US SILICA HOLDI Quote

Thanks in part to this history, recent estimates have been moving higher for U.S. Silica. In fact, the Earnings ESP for SLCA 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 SLCA, as the firm currently has a Zacks Earnings ESP of 18.18%, so another beat could be around the corner.

This is particularly true when you consider that SLCA 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 SLCA could see another beat at its next report, especially if recent trends are any guide.

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