While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 13, 2021, might help the stock move higher if these key numbers are better than expectations.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 .
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings.
An earnings beat or miss may not be the sole basis for a stock moving higher or lower.
Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported.
Canadian Pacific to bear most of the risk of the merger deal not going through.
now has a price tag: at least $2.4 million a day.That’s how much any move by the European Union to cut off access to London’s dominant clearinghouses for derivatives could cost traders in euro interest rate swaps, net of buying, according to an estimate from Albert Menkveld, professor of finance at Vrije Universiteit Amsterdam, who has sat on advisory panels to European regulatory authorities.Fragmenting cross-Channel clearing would result in additional costs because global dealers would need more collateral for their positions in multiple clearinghouses in the U.K.
The Swiss bank has a claim on the business through financing provided by Greensill Capital and repackaged into its funds.The working capital facility would allow Gupta’s steel businesses to increase production and take advantage of record steel prices, the person said, asking not to be identified because the matter is private.The loan would be a potential lifeline for Gupta’s GFG Alliance, which is fighting for survival after the collapse of its biggest lender Greensill Capital.
Shark Tank investor Kevin O’Leary may agree with billionaire investor Warren Buffett, and his right-hand man, Charlie Munger, on a number of things.
The event, coming less than a year after the Fed had to inject $2 trillion into the bond market in the space of about five weeks to keep it from a complete melt down, “highlighted the importance of continued focus on Treasury market resilience,” the Fed said in its semi-annual Financial Stability Report.
job growth unexpectedly softened in April from the prior month as employers found it difficult to attract workers, a development that’s holding back momentum in the labor market.Payrolls increased 266,000 after a downwardly revised 770,000 March increase, according to a Labor Department report Friday that fell well short of projections.
District Judge Yvonne Gonzalez Rogers overruled him.Read More: Epic’s Interrogation of Apple App Store Witness Gets Rocky StartWhen Fischer was questioned Thursday by Apple’s attorney, he said his team works hard to make the App Store “attractive to both customers and developers, neither of whom we have control over.”On Friday, Epic will call the manager of its own app store to the witness stand to show how its policies contrast with Apple’s.The trial in Oakland, California, comes as Apple faces a backlash — with billions of dollars in revenue on the line — from global regulators and some app developers who say its standard App Store fee of 30% and others policies are unjust and self-serving.How Apple’s App Store Sparked an Epic Trial: QuickTakeThe fight with Epic blew up in August when the game maker told customers it would replace Apple’s in-app purchase system with its own, circumventing Apple’s commissions from add-ons inside of Fortnite.
While Dimon later softened his tone, the banking world has long seen Bitcoin as a plaything for criminals, drug dealers and money launderers.Read more: Wall Street Stays on Crypto Sidelines as Tesla Boosts BitcoinBut client interest and Bitcoin’s astronomical price gains — reaching a high of almost $65,000 in April — have turned many bankers around, with Morgan Stanley making a Bitcoin trust product available to its customers and JPMorgan working on a similar offering.“Goldman Sachs serves as a bellwether of how sophisticated, institutional investors approach shifts in the market,” said Justin Chow, global head of business development for Cumberland DRW.
That means traders may need to pull back on expectations for Fed liftoff from near zero.“We basically argued that inflation expectations are a little below where the Fed sees them” after coming in at around 1.75% as of March, the most recent reading in Pimco’s model, said Tiffany Wilding, an economist.Moreover, she sees the recent rise in five-year, five-year forward breakevens, which strip out short-term noise like fluctuations in oil prices, as partly due to uncertainty around the inflation outlook — as opposed to just an acceleration of expectations.“Because we think front-end rates are pricing in a more aggressive Fed path than we believe, we do like shorter-dated nominal bonds, and think there’s value there,” she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
LONDON -BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, though the global chip shortage will worsen and may hit production in the second quarter, the German carmaker said on Friday.