From Nasdaq: 2024-03-26 08:50:10

Quarterly financial reports are crucial on Wall Street, with earnings being key. Earnings compared to expectations can impact stock prices. Analysts use tools like Zacks Earnings ESP, which calculates the percentage difference between the Most Accurate Estimate and the Consensus Estimate to predict potential earnings surprises and stock price movements.

The Zacks Rank and Earnings ESP combined have produced positive surprises 70% of the time with 28.3% annual returns on average. Stocks with higher rankings are expected to outperform the market, making them attractive selections for investors looking to capitalize on potential earnings beats.

Amazon and Walmart are examples of stocks with positive Earnings ESP figures, indicating a potential for earnings beats in their upcoming reports. Investors can use the Zacks Earnings ESP Filter to identify stocks with a high probability of positive or negative surprises before their earnings reports, optimizing trading strategies for profitable outcomes.

Zacks Investment Research offers further insights and analyses on potential stock picks, including hidden gems poised for significant growth in 2024 and expert recommendations for the next 30 days. Their research provides valuable information for investors seeking lucrative opportunities in the market.



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