Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Conglomerates Names
Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
The earnings figure itself is key, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb even higher.
2 Stocks to Add to Your Watchlist
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information. With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure.
The final step today is to look at a stock that meets our ESP qualifications. Carlisle (CSL) earns a Zacks Rank #1 30 days from its next quarterly earnings release on October 20, 2022, and its Most Accurate Estimate comes in at $5.48 a share.
Carlisle's Earnings ESP sits at 1.67%, which, as explained above, is calculated by taking the percentage difference between the $5.48 Most Accurate Estimate and the Zacks Consensus Estimate of $5.39.
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Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
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