Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Janus Henderson Sustainable & Impact Core Bond ETF (JACK) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Janus Henderson Sustainable & Impact Core Bond ETF (JACK) - free report >>
Image: Bigstock
Is a Surprise Coming for Jack in the Box (JACK) This Earnings Season?
Investors are always looking for stocks that are poised to beat at earnings season and Jack in the Box Inc. (JACK - 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 Jack in the Box 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 JACK in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 92 cents per share for JACK, compared to a broader Zacks Consensus Estimate of 91 cents per share. This suggests that analysts have very recently bumped up their estimates for JACK, giving the stock a Zacks Earnings ESP of 1.10% heading into earnings season.
Jack In The Box Inc. Price and EPS Surprise
Jack In The Box Inc. Price and EPS Surprise | Jack In The Box 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 JACK has a Zacks Rank #3 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 Jack in the Box, and that a beat might be in the cards for the upcoming report.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>