In the stock market, earnings and interest rates impact stock prices. Investors focus on companies’ earnings results to predict stock performance. Positive earnings surprises can lead to higher returns. Zacks Earnings ESP filter helps identify stocks likely to exceed earnings expectations for profitable investing.
Zacks Expected Surprise Prediction (ESP) uses analyst earnings revisions to predict earnings surprises. A Zacks Rank #3 or higher combined with a positive Earnings ESP led to positive surprises 70% of the time. Using these parameters resulted in 28.3% annual returns on average.
General Motors (GM) has a #3 (Hold) ranking with an Earnings ESP of +7.4%. Its Most Accurate Estimate is $2.85, higher than the Zacks Consensus Estimate of $2.66. Utilize the Earnings ESP Filter to uncover stocks with the highest probability of positive surprises before their earnings reports.
Zacks Investment Research provides tools and independent research for investors. The Zacks Rank system has outperformed the S&P 500 with an average gain of +24.08% per year. Download the free report on the 7 best stocks to buy for the next 30 days.
For the latest recommendations from Zacks Investment Research, download the free report on the 7 Best Stocks for the Next 30 Days. Consider investing in General Motors Company (GM) for potential gains.
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