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Will Ferroglobe (GSM) Crush Estimates at Its Next Earnings Report?
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Ferroglobe PLC (GSM - Free Report) , a firm in the Chemical - Specialty, 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, GSM has beaten estimates by at least 65% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, GSM expected to post earnings of 1 cent per share, while it actually produced earnings of 5 cents per share, a beat of 400%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 3 cents per share, when it actually produced earnings of 5 cents per share instead, representing a 66.7% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Ferroglobe. In fact, the Earnings ESP for GSM 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 GSM, as the firm currently has a Zacks Earnings ESP of +21.32%, so another beat could be around the corner.
This is particularly true when you consider that GSM 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 GSM could see another beat at its next report, especially if recent trends are any guide.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Will Ferroglobe (GSM) Crush Estimates at Its Next Earnings Report?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Ferroglobe PLC (GSM - Free Report) , a firm in the Chemical - Specialty, 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, GSM has beaten estimates by at least 65% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, GSM expected to post earnings of 1 cent per share, while it actually produced earnings of 5 cents per share, a beat of 400%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 3 cents per share, when it actually produced earnings of 5 cents per share instead, representing a 66.7% positive surprise.
Ferroglobe PLC Price and EPS Surprise
Ferroglobe PLC Price and EPS Surprise | Ferroglobe PLC Quote
Thanks in part to this history, recent estimates have been moving higher for Ferroglobe. In fact, the Earnings ESP for GSM 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 GSM, as the firm currently has a Zacks Earnings ESP of +21.32%, so another beat could be around the corner.
This is particularly true when you consider that GSM 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 GSM could see another beat at its next report, especially if recent trends are any guide.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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