These 2 Basic Materials Stocks Could Beat Earnings: Why They Should Be on Your Radar

Zacks03-27

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among ...

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Of course, one figure often stands out among ...</p>\n\n<a href=\"https://finance.yahoo.com/news/2-basic-materials-stocks-could-130011922.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKG","symbol_name":"ARK Genomic Revolution ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/2-basic-materials-stocks-could-130011922.html","article_id":"2422915829","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/64vRzkiY9LXGPrpW4r2GRQ--~B/aD00Njc7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b95cfdd8768bc3c4620e666dbcb0b248"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422915829","pubTimestamp":1711544411,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.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.The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information. With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate  against the overall Zacks Consensus Estimate. The percentage differen","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","X":"美国钢铁","AEM":"伊格尔矿业","BAS":"基本能源服务"},"translate_title":"这两个基本材料股票可能超过收益：为什么他们应该在你的雷达上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKG":1,"BAS":1,"AEM":0.9,"X":0.9},"content_text":"Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.\nThe 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.\n2 Stocks to Add to Your Watchlist\nThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information. With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure.\nNow that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Agnico Eagle Mines (AEM) earns a Zacks Rank #3 right now and its Most Accurate Estimate sits at $0.53 a share, just 29 days from its upcoming earnings release on April 25, 2024.\nAgnico Eagle Mines' Earnings ESP sits at 2.42%, which, as explained above, is calculated by taking the percentage difference between the $0.53 Most Accurate Estimate and the Zacks Consensus Estimate of $0.52.\nAEM is part of a big group of Basic Materials stocks that boast a positive ESP, and investors may want to take a look at United States Steel (X) as well.\nUnited States Steel is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on April 25, 2024. X's Most Accurate Estimate sits at $0.89 a share 29 days from its next earnings release.\nFor United States Steel, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.81 is 10.05%.\nAEM and X's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.\nFind Stocks to Buy or Sell Before They're Reported\nUse 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 >>\nWant 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\nAgnico Eagle Mines Limited (AEM) : Free Stock Analysis Report\nUnited States Steel Corporation (X) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422915829"}