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Why Mettler-Toledo (MTD) Might Surprise This Earnings Season
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Investors are always looking for stocks that are poised to beat at earnings season and Mettler-Toledo International Inc. (MTD - 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 Mettler-Toledo 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 MTD in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $3.98 per share for MTD, compared to a broader Zacks Consensus Estimate of $3.95 per share. This suggests that analysts have very recently bumped up their estimates for MTD, giving the stock a Zacks Earnings ESP of +0.68% heading into earnings season.
Mettler-Toledo International, Inc. Price and EPS Surprise
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 Mettler-Toledo, and that a beat might be in the cards for the upcoming report.
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This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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Why Mettler-Toledo (MTD) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and Mettler-Toledo International Inc. (MTD - 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 Mettler-Toledo 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 MTD in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $3.98 per share for MTD, compared to a broader Zacks Consensus Estimate of $3.95 per share. This suggests that analysts have very recently bumped up their estimates for MTD, giving the stock a Zacks Earnings ESP of +0.68% heading into earnings season.
Mettler-Toledo International, Inc. Price and EPS Surprise
Mettler-Toledo International, Inc. price-eps-surprise | Mettler-Toledo International, 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 MTD 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 Mettler-Toledo, and that a beat might be in the cards for the upcoming report.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>