Sempra Energy (SRE - Free Report) is set to report second-quarter 2018 results on Aug 6, before the market opens.
In the last reported quarter, the company reported a negative earnings surprise of 14.37%. However, it surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters, the average beat being 8.28%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Sempra Energy is likely to beat estimates this quarter. That is because it has the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Sempra Energy has an Earnings ESP of +0.43%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3, which along with a positive Earnings ESP indicates a positive surprise.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into earnings announcements.
Sempra Energy Price and EPS Surprise