Looking for a stock that might be in a good position to beat earnings at its next report? Consider EnerNOC, Inc. (NASDAQ:ENOC) , a firm in the Technology Services industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ECON has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ENOC expected to post a loss of $1.39 per share, while it actually produced a loss of $1.10 per share, a beat of 20.9%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of $1.71 cents per share, when it actually reported a loss of $1.41 per share instead, representing a 17.5% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for EnerNOC. In fact, the Earnings ESP for ECON is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ECON, as the firm currently has a Zacks Earnings ESP of 50.00%, so another beat could be around the corner.
This is particularly true when you consider that ECON has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ECON could see another beat at its next report, especially if recent trends are any guide.
ENERNOC INC (ENOC): Free Stock Analysis Report
Original post
Zacks Investment Research