Looking for a stock that might be in a good position to beat earnings at its next report? Consider Bonanza Creek Energy Inc. , a firm in the Oil and Gas - Exploration and Production - United States 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, BCEI has beaten estimates by at least 250% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BCEI expected to post a loss of 6 cents per share, while it actually produced earnings of 27 cents per share, a beat of 550%. Meanwhile, for the most recent quarter, the company looked to deliver 19 cents per share, when it actually saw earnings of 67 cents per share instead, representing a 252.6% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Bonanza Creek Energy. In fact, the Earnings ESP for BCEI 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 BCEI, as the firm currently has a Zacks Earnings ESP of +15.94%, so another beat could be around the corner.
This is particularly true when you consider that BCEI has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 BCEI could see another beat at its next report, especially if recent trends are any guide.
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Why the Earnings Streak Will Continue for Bonanza Creek Energy (BCEI)
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Bonanza Creek Energy Inc. , a firm in the Oil and Gas - Exploration and Production - United States 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, BCEI has beaten estimates by at least 250% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BCEI expected to post a loss of 6 cents per share, while it actually produced earnings of 27 cents per share, a beat of 550%. Meanwhile, for the most recent quarter, the company looked to deliver 19 cents per share, when it actually saw earnings of 67 cents per share instead, representing a 252.6% positive surprise.
Bonanza Creek Energy, Inc. Price and EPS Surprise
Bonanza Creek Energy, Inc. Price and EPS Surprise | Bonanza Creek Energy, Inc. Quote
Thanks in part to this history, recent estimates have been moving higher for Bonanza Creek Energy. In fact, the Earnings ESP for BCEI 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 BCEI, as the firm currently has a Zacks Earnings ESP of +15.94%, so another beat could be around the corner.
This is particularly true when you consider that BCEI has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 BCEI could see another beat at its next report, especially if recent trends are any guide.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>