As we approach the beginning of earnings season, it is important to remember that earnings estimate revisions and projections are extremely important in determining the Zacks Rank, and quarterly earnings reports have the ability to greatly affect a stocks financial outlook and a company’s future potential.
Zacks customers can utilize our Stock Screener to search for companies that have consistently surprised and beaten earnings projections in recent quarters. Companies that are constantly able to defeat its earnings projections usually exhibit effective management, stronger upward momentum, and more impressive future outlooks.
As many earnings reports begin to be released, check out these 5 stocks that are projected to beat earnings estimates once again this quarter:
1. Crescent Point Energy Corporation (CPG – Free Report)
Crescent Point Energy Corporation is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. Notably, Crescent Point has demolished its earnings estimates in each of its past nine operational quarters by a whopping average of 629.97%. Not surprisingly, the company features an “A” grade for Growth and a “B” grade for Value on our Style Scoring System. In essence, Crescent Point exhibits ample opportunities for growth, while the company is currently viewed as undervalued.
Crescent Point pays its shareholders an impressive 3.70% dividend yield, which is intriguing to investors seeking income stocks. Furthermore, Crescent Point holds a projected EPS growth of 94.23% and $3.22 cash flow per share, both of which compare favorably to the industry averages of 82.22% and $0.34, respectively. Additionally, the company possesses a solid price/sales ratio of 1.56, which fares well against the industry average. Crescent Point Energy was recently promoted to a Zacks Rank #1 (Strong Buy).
2. Vertex Pharmaceuticals Incorporated (VRTX – Free Report)
