【average cost of bjj classes】Will Tractor Supply (TSCO) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report?average cost of bjj classes It is worth considering Tractor Supply (TSCO), which belongs to the Zacks Retail - Miscellaneous industry.
This retailer for farmers and ranchers has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.72%.
For the most recent quarter, Tractor Supply was expected to post earnings of $0.86 per share, but it reported $0.95 per share instead, representing a surprise of 10.47%. For the previous quarter, the consensus estimate was $1.61 per share, while it actually produced $1.69 per share, a surprise of 4.97%.
Price and EPS Surprise
For Tractor Supply, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Tractor Supply currently has an Earnings ESP of +1.54%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on January 30, 2019.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Story continues
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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
Tractor Supply Company (TSCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
View comments
下一篇:Time To Worry? Analysts Are Downgrading Their Aubay Société Anonyme (EPA:AUB) Outlook
相关文章:
- Apple's New Deal With Amazon Prime Video Is a Game Changer
- Global core material market size to record unprecedented growth through 2025
- Is The Goldman Sachs Group (GS) Stock Outpacing Its Finance Peers This Year?
- Insider Buying: The Viad Corp (NYSE:VVI) CEO, President & Director Just Bought US$220k Worth Of Shares
- Lockheed Martin (LMT) Wins $1B Deal for Super Hercules Fleet
- Three 3D-printed coronavirus-fighting products companies are making
- Bull of the Day: Garmin Ltd. (GRMN)
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Align Technology, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- StockBeat: No Hiding Place (Except Tesco)
- Trex (TREX) Q1 Earnings and Revenues Surpass Estimates
相关推荐:
- Three 3D-printed coronavirus-fighting products companies are making
- Maybe the Coronavirus Didn’t End the Bull Market
- Are Options Traders Betting on a Big Move in Penn National (PENN) Stock?
- AUD/USD Weekly Price Forecast – Australian Dollar Rallies Significantly For The Week
- Calculating The Intrinsic Value Of FFI Holdings Limited (ASX:FFI)
- Sun Summit Minerals Phase 2 Drilling Update and Completion of IP Survey at the Buck Property
- 2 Beaten-Up Penny Stocks That Are Set for a Rebound
- The Global Enterprise Very Small Aperture Terminal (VSAT) Market is expected to grow by $ 1.82 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period
- ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
- Calculating The Fair Value Of Motorola Solutions, Inc. (NYSE:MSI)
- Did Business Growth Power Ling Yui Holdings's (HKG:784) Share Price Gain of 222%?
- Our Take On Avery Dennison's (NYSE:AVY) CEO Salary
- Euro zone manufacturing collapses in April as virus spreads -PMI
- Hedge Funds Aren’t Done Buying Euronav NV (EURN)
- Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs
- WRAPUP 1-Standard U.S. economic weapons may be inadequate for coronavirus crisis
- InvestmentPitch Media Video Discusses Recent eResearch Buy Recommendation on Peak Positioning Technologies, Parent Company of a Group of FinTech Subsidiaries operating in China - Video Available on Investmentpitch.com
- The Wizz Air Holdings (LON:WIZZ) Share Price Has Gained 160%, So Why Not Pay It Some Attention?
- Trex (TREX) Q1 Earnings and Revenues Surpass Estimates
- Akoustis Reports Third Quarter FY20 Results