Should You Sell Hudson Pacific Properties (HPP) Before Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Hudson Pacific Properties, Inc. HPP 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 Hudson Pacific Properties is 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 HPP in this report.
Analysts have very recently bumped up their estimates for HPP, giving the stock a Zacks Earnings ESP of +2.68% heading into earnings season.
Hudson Pacific Properties, Inc. Price and EPS Surprise
Hudson Pacific Properties, Inc. Price and EPS Surprise | Hudson Pacific Properties, Inc. 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 HPP has a Zacks Rank #3 (Hold) 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 Hudson Pacific Properties, and that a beat might be in the cards for the upcoming report.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
Hudson Pacific Properties, Inc. (HPP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
