Will Pretium Resources (PVG) Crush Estimates at Its Next Earnings Report? - Tale of the Tape
December 30 2013 - 8:59AM
Zacks
Looking for a stock that might be in a good
position to beat earnings at its next report? Consider
Pretium Resources Inc. (PVG), a firm in the gold
mining 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, PVG has beaten estimates by at least 20% in both
cases, suggesting it has a nice short-term history of crushing
expectations.
Earnings in Focus
Two quarters ago, PVG expected a loss of 5 cents per share, while
it actually produced a loss of 4 cents per share, a beat of 20.0%.
Meanwhile, for the most recent quarter, the company looked to
report a loss of 4 cents per share, when it actually saw a loss of
3 cents per share instead, representing a 25.0% positive
surprise.
Thanks in part to this history, recent estimates have been moving
higher for Pretium Resources. In fact, the Earnings ESP for PVG 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 PVG, as the firm currently has a Zacks
Earnings ESP of 6.25%, so another beat could be around the
corner.
This is particularly true when you consider that PVG 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 PVG
could see another beat at its next report, especially if recent
trends are any guide.
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