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Why Earnings Season Could Be Great for Government Properties Income Trust (OPI)
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Investors are always looking for stocks that are poised to beat at earnings season and Government Properties Income Trust (OPI - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Government Properties Income Trustis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for OPI in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.39 per share for OPI, compared to a broader Zacks Consensus Estimate of $1.37 per share. This suggests that analysts have very recently bumped up their estimates for OPI, giving the stock a Zacks Earnings ESP of +1.83% heading into earnings season.
Government Properties Income Trust Price and EPS Surprise
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Clearly, recent earnings estimate revisions suggest that good things are ahead for Government Properties Income Trust, and that a beat might be in the cards for the upcoming report.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Why Earnings Season Could Be Great for Government Properties Income Trust (OPI)
Investors are always looking for stocks that are poised to beat at earnings season and Government Properties Income Trust (OPI - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Government Properties Income Trustis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for OPI in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.39 per share for OPI, compared to a broader Zacks Consensus Estimate of $1.37 per share. This suggests that analysts have very recently bumped up their estimates for OPI, giving the stock a Zacks Earnings ESP of +1.83% heading into earnings season.
Government Properties Income Trust Price and EPS Surprise
Government Properties Income Trust Price and EPS Surprise | Government Properties Income Trust Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that OPI has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Government Properties Income Trust, and that a beat might be in the cards for the upcoming report.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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