Looking for a stock that might be in a good position to beat earnings at its next report? Consider WellCare Health Plans, Inc. , a firm in the Medical – HMOs 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, WCG has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, WCG expected to post 53 cents per share, while it actually produced $1.03 per share, a beat of 94.3%. Meanwhile, for the most recent quarter, the company looked to deliver $1.19 per share, when it actually saw $1.61 per share instead, representing a 35.3% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for WellCare. In fact, the Earnings ESP for WCG 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 WCG, as the firm currently has a Zacks Earnings ESP of 3.14%, so another beat could be around the corner.
This is particularly true when you consider that WCG 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 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 WCG could see another beat at its next report, especially if recent trends are any guide.
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While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
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Can WellCare (WCG) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider WellCare Health Plans, Inc. , a firm in the Medical – HMOs 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, WCG has beaten estimates by at least 35% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, WCG expected to post 53 cents per share, while it actually produced $1.03 per share, a beat of 94.3%. Meanwhile, for the most recent quarter, the company looked to deliver $1.19 per share, when it actually saw $1.61 per share instead, representing a 35.3% positive surprise.
WellCare Health Plans, Inc. Price and EPS Surprise
WellCare Health Plans, Inc. Price and EPS Surprise | WellCare Health Plans, Inc. Quote
Thanks in part to this history, recent estimates have been moving higher for WellCare. In fact, the Earnings ESP for WCG 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 WCG, as the firm currently has a Zacks Earnings ESP of 3.14%, so another beat could be around the corner.
This is particularly true when you consider that WCG 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 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 WCG could see another beat at its next report, especially if recent trends are any guide.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>