Will OraSure Technologies (OSUR) Crush Estimates at its Next Earnings Report? - Tale of the Tape
27 Dicembre 2013 - 2:52PM
Zacks
Looking for a stock that might be in
a good position to beat earnings at its next report? Consider
OraSure Technologies Inc. (OSUR), a firm in the
Medical Products 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, OSUR has beaten estimates by at least 70% in both
cases, suggesting it has a nice short-term history of crushing
expectations.
Earnings in Focus
Two quarters ago, OSUR expected to face a loss of 15 cents per
share, while it actually produced a loss of only 4 cents per share,
a beat of 73.3%. Meanwhile, for the most recent quarter, the
company looked to incur a loss of 10 cents per share, when it
actually saw a loss of 3 cents per share instead, representing a
70% positive surprise.
Thanks in part to this history, recent estimates have been moving
higher for OraSure Technologies. In fact, the Earnings ESP for OSUR
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 OSUR, as the firm currently has a Zacks
Earnings ESP of 12.5%, so another beat could be around the
corner.
This is particularly true when you consider that OSUR 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 OSUR
could see another beat at its next report, especially if recent
trends are any guide.
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