PAG Quick QuotePAG - Free Report) %20may%20be%20one%20such%20company.%20The%20firm%20has%20earnings%20coming%20up%20pretty%20soon,%20and%20events%20are%20shaping%20up%20quite%20nicely%20for%20their%20report.%20%20That%20is%20because%20Penske%20Automotive%20is%20seeing%20favorable%20earnings%20estimate%20revision%20activity%20as%20of%20late,%20which%20is%20generally%20a%20precursor%20to%20earnings%20beat.%20After%20all,%20analysts%20raising%20estimates%20right%20before%20earnings%20???%20with%20the%20most%20up-to-date%20information%20possible%20???%20is%20a%20pretty%20good%20indicator%20of%20some%20favorable%20trends%20underneath%20the%20surface%20for%20PAG%20in%20this%20report.%20%20%20In%20fact,%20the%20Most%20Accurate%20Estimate%20for%20the%20current%20quarter%20is%20currently%20at%20%241.21%20per%20share%20for%20PAG,%20compared%20to%20the%20broader%20Zacks%20Consensus%20Estimate%20of%20%241.20%20per%20share.%20This%20suggests%20that%20analysts%20have%20very%20recently%20bumped%20up%20their%20estimates%20for%20PAG,%20giving%20the%20stock%20a%20Zacks%20Earnings%20ESP%20of%20+0.83%%20heading%20into%20earnings%20season.%20%20Why%20is%20this%20Important?%20%20A%20positive%20reading%20for%20the%20Zacks%20Earnings%20ESP%20has%20proven%20to%20be%20very%20powerful%20in%20producing%20both%20positive%20surprises,%20and%20outperforming%20the%20market.%20Our%20recent%2010-year%20backtest%20shows%20that%20stocks%20that%20have%20a%20positive%20Earnings%20ESP%20and%20a%20Zacks%20Rank%20#3%20(Hold)%20or%20better%20show%20a%20positive%20surprise%20nearly%2070%%20of%20the%20time,%20and%20have%20returned%20over%2028%%20on%20average%20in%20annual%20returns%20(see%20more%20Top%20Earnings%20ESP%20stocks%20here).%20%20Given%20that%20PAG%20has%20a%20Zacks%20Rank%20#3%20and%20an%20ESP%20in%20positive%20territory,%20investors%20might%20want%20to%20consider%20this%20stock%20ahead%20of%20earnings.%20You%20can%20see%20the%20complete%20list%20of%20today???s%20Zacks%20#1%20Rank%20(Strong%20Buy)%20stocks%20here.%20%20Clearly,%20recent%20earnings%20estimate%20revisions%20suggest%20that%20good%20things%20are%20ahead%20for%20Penske%20Automotive,%20and%20that%20a%20beat%20might%20be%20in%20the%20cards%20for%20the%20upcoming%20report.%20%207%20Best%20Stocks%20for%20the%20Next%2030%20Days%20%20Just%20released:%20Experts%20distill%207%20elite%20stocks%20from%20the%20current%20list%20of%20220%20Zacks%20Rank%20#1%20Strong%20Buys.%20They%20deem%20these%20tickers%20???Most%20Likely%20for%20Early%20Price%20Pops.???%20%20Since%201988,%20the%20full%20list%20has%20beaten%20the%20market%20more%20than%202X%20over%20with%20an%20average%20gain%20of%20+24.7%%20per%20year.%20So%20be%20sure%20to%20give%20these%20hand-picked%207%20your%20immediate%20attention.%20%20See%207%20handpicked%20stocks%20now%20>>">See 7 handpicked stocks now >>