Looking for a stock that might be in a good position to beat earnings at its next report? Consider ZELTIQ Aesthetics, Inc. ZLTQ, a firm in the Medical Appliances and Equipments industry 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, ZLTQ has beaten estimates by at least 40% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ZLTQ expected a loss of 17 cents per share, while it actually incurred loss of 10 cents per share, a beat of 41.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 21 cents per share, when it actually incurred loss of 8 cents per share instead, representing a 61.2% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for ZELTIQ Aesthetics. In fact, the Earnings ESP for ZLTQ 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 ZLTQ, as the firm currently has a Zacks Earnings ESP of 13.33%, so another beat could be around the corner.
This is particularly true when you consider that ZLTQ has a great Zacks Rank #3 (Hold) 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 ZLTQ could see another beat at its next report, especially if recent trends are any guide.
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ZELTIQ AESTHETC ZLTQ: Free Stock Analysis Report
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Earnings in Focus
Two quarters ago, ZLTQ expected a loss of 17 cents per share, while it actually incurred loss of 10 cents per share, a beat of 41.2%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 21 cents per share, when it actually incurred loss of 8 cents per share instead, representing a 61.2% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for ZELTIQ Aesthetics. In fact, the Earnings ESP for ZLTQ 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 ZLTQ, as the firm currently has a Zacks Earnings ESP of 13.33%, so another beat could be around the corner.
This is particularly true when you consider that ZLTQ has a great Zacks Rank #3 (Hold) 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 ZLTQ 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 >>
ZELTIQ AESTHETC ZLTQ: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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