Looking for a stock that might be in a good position to beat earnings at its next report? Consider Time Warner Inc., a firm in the media conglomerates 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, TWX has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, TWX expected to post earnings of $1.29 per share, while it actually produced earnings of $1.49 per share, a beat of 15.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.16 per share, when it actually saw earnings of $1.29 per share instead, representing an 11.2% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Time Warner. In fact, the Earnings ESP for TWX 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 TWX, as the firm currently has a Zacks Earnings ESP of 0.75%, so another beat could be around the corner.
Read full story at https://www.zacks.com/stock/news/234299/can-time-warner-twx-keep-the-earnings-streak-alive-this-quarter
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