How to Find Oils-Energy Stocks That Are Supposed to Earn Positive Earnings
Wall Street carefully examines every quarter’s report to get a clear picture of the company’s performance and to predict its future. Earnings are a key figure that stands out from the rest.
Expectations are a key part of life and the stock exchange. Achieving expectations is often rewarded. However, falling short can lead to negative consequences. Investors may want to seek out positive earnings surprises to increase their chances of capturing higher returns.
2 Stocks to Add To Your Watchlist
The Zacks EarningsESP, also known as the Expected Surprise Prediction is a way to get the inside scoop on analyst estimates revisions before a company reports. As a newer projection could be based on more information, the idea is intuitive. The ESP is calculated using the most accurate estimate and the Zacks Consensus Estimate. The percentage difference between these two gives us the Zacks ESP.
Now that we know a lot about the ESP and its power, we want to take a look at a qualifying stock. PBF Energy (PBF) At the moment, Zacks Rank #3 and its Most Accurate Expectation is $4.99 per share. This estimate will be released 30 days prior to its earnings release on February 16, 2023.
PBF Energy has an Earnings Slope of 2.36% by taking the difference between the $4.99 Most Accurate and the $4.88 Zacks Consensus estimates.
PBF is part a large group of Oils-Energy stock that have a positive ESG. Investors might want to look at Par Petroleum (PARR). As well.
Par Petroleum is currently a Zacks Rank 2 (Buy), and will report earnings on February 22nd, 2023. The Most Accurate Estimate for Par Petroleum is $1.94 per share. PARR is only 36 days away from its next earnings report.
Par Petroleum’s Zacks Consensus Estimate is $1.46. If you subtract that percentage from its Most Accurate Estimate you get the Earnings ESP figure at 32.58%.
Positive ESP metrics for PARR and PBF may indicate that both stocks are in the midst of a positive earnings surprise.
Stocks to Sell or Buy Before They Are Reported
To find stocks that are most likely to surprise you, use the Zacks Earnings ESP filters. Check it out here >>
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PBF Energy Inc. (PBF) : Free Stock Analysis Report
Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report