How to Boost Your Portfolio with Top Computer and Technology Stocks Set to Beat Earnings
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 Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company’s report. The idea is relatively intuitive as a newer projection might be based on more complete information. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to look at a qualifying stock. Corning (GLW) holds a Zacks Rank #3 at the moment and its Most Accurate Estimate comes in at $0.53 a share 18 days away from its upcoming earnings release on October 29, 2024.
By taking the percentage difference between the $0.53 Most Accurate Estimate and the $0.52 Zacks Consensus Estimate, Corning has an Earnings ESP of 1.08%.
GLW is one of just a large database of Computer and Technology stocks with positive ESPs. Another solid-looking stock is Lattice Semiconductor (LSCC).
Slated to report earnings on November 4, 2024, Lattice Semiconductor holds a #3 (Hold) ranking on the Zacks Rank, and it’s Most Accurate Estimate is $0.24 a share 24 days from its next quarterly update.
Lattice Semiconductor’s Earnings ESP figure currently stands at 1.41% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.24.
GLW and LSCC’s positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They’re Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they’re reported for profitable earnings season trading. Check it out here >>
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Corning Incorporated (GLW) : Free Stock Analysis Report
Lattice Semiconductor Corporation (LSCC) : Free Stock Analysis Report
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