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Why Earnings Season Could Be Great for Envestnet (ENV)
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Investors are always looking for stocks that are poised to beat at earnings season and Envestnet, Inc. (ENV - Free Report) 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 Envestnet 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 ENV in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 23 cents per share for ENV, compared to a broader Zacks Consensus Estimate of 22 cents per share. This suggests that analysts have very recently bumped up their estimates for ENV, giving the stock a Zacks Earnings ESP of 4.55% heading into earnings season.
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).
Clearly, recent earnings estimate revisions suggest that good things are ahead for Envestnet, and that a beat might be in the cards for the upcoming report.
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In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges. You'll also learn about 4 other exciting tech companies with jaw-dropping growth. Each could go public in the coming months.
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Why Earnings Season Could Be Great for Envestnet (ENV)
Investors are always looking for stocks that are poised to beat at earnings season and Envestnet, Inc. (ENV - Free Report) 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 Envestnet 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 ENV in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 23 cents per share for ENV, compared to a broader Zacks Consensus Estimate of 22 cents per share. This suggests that analysts have very recently bumped up their estimates for ENV, giving the stock a Zacks Earnings ESP of 4.55% heading into earnings season.
Envestnet, Inc Price and EPS Surprise
Envestnet, Inc Price and EPS Surprise | Envestnet, Inc 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 ENV has a Zacks Rank #1 (Strong Buy) 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 stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Envestnet, and that a beat might be in the cards for the upcoming report.
Everything You Need to Know About Snapchat BEFORE It Goes Public
You may be curious about the buzz surrounding Snap Inc.'s IPO on March 2. With the company expected to be valued around $22 billion, it is expected to be the largest IPO since 2014. But should you snap up this tech stock on Day 1?
In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges. You'll also learn about 4 other exciting tech companies with jaw-dropping growth. Each could go public in the coming months.
Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the latest scoop. Download this IPO Watch List today for free >>