Investors are always looking for stocks that are poised to beat at earnings season and Broadmark Realty Capital Inc. BRMK 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 Broadmark Realty 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 BRMK in this report.
In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of 21 cents per share. This suggests that analysts have very recently bumped up their estimates for BRMK, giving the stock a Zacks Earnings ESP of +2.44% heading into earnings season.
Broadmark Realty Capital Inc. Price and EPS Surprise
Broadmark Realty Capital Inc. price-eps-surprise | Broadmark Realty Capital 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 BRMK 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 (Strong Buy) Rank stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Broadmark Realty, and that a beat might be in the cards for the upcoming report.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>
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
Broadmark Realty Capital Inc. (BRMK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research