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Why Earnings Season Could Be Great For Bank Of Hawaii (BOH)

Published 01/23/2020, 08:48 PM
Updated 07/09/2023, 06:31 AM
BOH
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Investors are always looking for stocks that are poised to beat at earnings season and Bank of Hawaii Corporation (NYSE:BOH) 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 Bank of Hawaiiis 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 BOH in this report.

In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of $1.36 per share. This suggests that analysts have very recently bumped up their estimates for BOH, giving the stock a Zacks Earnings ESP of +0.37% heading into earnings season.

Bank of Hawaii Corporation Price and EPS Surprise

Bank of Hawaii Corporation Price and EPS Surprise

Bank of Hawaii Corporation price-eps-surprise | Bank of Hawaii Corporation 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 BOH has a Zacks Rank #2 (Buy) 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 Bank of Hawaii, and that a beat might be in the cards for the upcoming report.

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Bank of Hawaii Corporation (BOH): Free Stock Analysis Report

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