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Looking for a stock that might be in a good position to beat earnings at its next report? Consider United Insurance Holdings Corp. UIHC, a firm in the financial sector, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, UIHC has beaten estimates by at least 60.0% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, UIHC expected to post 28 cents per share, while its earnings came in at 65 cents per share, a significant beat. Meanwhile, for the most recent quarter, the company looked to deliver earnings per share of 32 cents, when it actually saw 65 cents per share instead, representing a 103% positive surprise.
Thanks in part to this history, estimates have been moving higher for United Insurance Holdings. In fact, the Earnings ESP for UIHC is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for UIHC, as the firm currently has a Zacks Earnings ESP of 2.33 %, so another beat could be around the corner.
This is particularly true when you consider that UIHC has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that UIHC could see another beat at its next report, especially if recent trends are any guide.
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 >>
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, UIHC has beaten estimates by at least 60.0% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, UIHC expected to post 28 cents per share, while its earnings came in at 65 cents per share, a significant beat. Meanwhile, for the most recent quarter, the company looked to deliver earnings per share of 32 cents, when it actually saw 65 cents per share instead, representing a 103% positive surprise.
Thanks in part to this history, estimates have been moving higher for United Insurance Holdings. In fact, the Earnings ESP for UIHC is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for UIHC, as the firm currently has a Zacks Earnings ESP of 2.33 %, so another beat could be around the corner.
This is particularly true when you consider that UIHC has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that UIHC could see another beat at its next report, especially if recent trends are any guide.
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 >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
UTD INSURANCE UIHC: Free Stock Analysis Report
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