How to Find Strong Computer and Technology Stocks Slated for Positive Earnings Surprises
From NASDAQ:
Stock prices are determined by earnings and interest rates. One important element is how a company performs compared to bottom line expectations. The Zacks Earnings ESP filter helps make things easier by comparing the Most Accurate Estimate against the Zacks Consensus Estimate.
Utilizing this system with a Zacks Rank #3 (Hold) or stronger saw stocks post a positive bottom-line surprise 70% of the time and produce roughly 28% annual returns on average, according to a 10 year backtest.
Meta Platforms (META) currently earns a #2 (Buy) and has an Earnings ESP figure of +0.79%. Verizon Communications (VZ) is also a Zacks Rank #3 (Hold) stock with an Earnings ESP figure of +0.5%.
Both META and VZ have a good chance of beating analyst expectations in their next earnings report.
Zacks Earnings ESP Filter can be used to find stocks with the highest probability of positively or negatively surprising before they’re reported for profitable earnings season trading.
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