Investors are always looking for stocks that are poised to beat at earnings season and CSI Compressco LP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because CSI Compressco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for CCLP in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at loss of 9 cents per share for CCLP, compared to a broader Zacks Consensus Estimate loss of 11 cents per share. This suggests that analysts have very recently bumped up their estimates for CCLP, giving the stock a Zacks Earnings ESP of 18.18% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that CCLP has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for CSI Compressco, and that a beat might be in the cards for the upcoming report.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Image: Bigstock
Is a Surprise Coming for CSI Compressco (CCLP) This Earnings Season?
Investors are always looking for stocks that are poised to beat at earnings season and CSI Compressco LP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because CSI Compressco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for CCLP in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at loss of 9 cents per share for CCLP, compared to a broader Zacks Consensus Estimate loss of 11 cents per share. This suggests that analysts have very recently bumped up their estimates for CCLP, giving the stock a Zacks Earnings ESP of 18.18% heading into earnings season.
CSI COMPRESSCO Price and EPS Surprise
CSI COMPRESSCO Price and EPS Surprise | CSI COMPRESSCO Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that CCLP has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for CSI Compressco, and that a beat might be in the cards for the upcoming report.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>