U.S. Markets close in 6 hrs 24 mins

Will ING U.S. (VOYA) Crush Estimates at Its Next Earnings Report?

Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider ING U.S. Inc. (NYSE:VOYA), a firm in the Asset Management 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, VOYA has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, VOYA expected to earn 62 cents per share, while it actually produced earnings of 71 cents per share, a beat of 14.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 66 cents per share, when it actually saw earnings of $1.08 per share instead, representing a 63.6% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for ING U.S. In fact, the Earnings ESP for VOYA 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 VOYA, as the firm currently has a Zacks Earnings ESP of 2.94%, so another beat could be around the corner.

This is particularly true when you consider that VOYA has a great Zacks Rank #2 (:BUY) which can be a harbinger of out performance and a signal for a strong earnings profile. And 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 VOYA could see another beat at its next report, especially if recent trends are any guide.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


ING US INC (VOYA): Free Stock Analysis Report

Zacks Investment Research