Investors are always looking for stocks that are poised to beat at earnings season and Ecopetrol S.A. (NYSE:EC) 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 Ecopetrol 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 EC in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 55 cents per share for EC, compared to a broader Zacks Consensus Estimate of 51 cents per share. This suggests that analysts have very recently bumped up their estimates for EC, giving the stock a Zacks Earnings ESP of +6.86% heading into earnings season.
Ecopetrol S.A. Price and EPS Surprise
Ecopetrol S.A. (EC): Free Stock Analysis Report
Original post
Zacks Investment Research