Axon Enterprise, Inc. (AAXN - Free Report) will release third-quarter 2018 results on Nov 6, after market closes.
In the last reported quarter, the company delivered a positive earnings surprise of 100%. In the trailing four quarters, the company beat estimates thrice with average positive surprise of 355%.
Let’s see how things are shaping up for this announcement.
Why a Likely Positive Earnings Surprise
Our proven model does show that Axon Enterprise is likely to beat earnings in the third quarter. This is because the stock has the right combination of two key elements — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.
Earnings ESP: Axon Enterprise has an Earnings ESP of +33.33%. 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 increases the possibility of an earnings beat along with a positive ESP.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Axon Enterprise, Inc Price and EPS Surprise