Looking for a stock that might be in a good position to beat
earnings at its next report? Consider
Prudential Financial, Inc.
), a firm in the Life Insurance industry, which could be a great
candidate for another beat.
PRUDENTIAL FINL (PRU): Free Stock Analysis
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This company has seen a nice streak of beating earnings
estimates, especially when looking at the previous two reports.
In fact, in these reports, PRU has beaten estimates by at least
15% in both cases, suggesting it has a nice short-term history of
Earnings in Focus
Two quarters ago, PRU expected to earn $1.98 per share, while it
actually produced earnings of $2.30 per share, a beat of 16.2%.
Meanwhile, for the most recent quarter, the company looked to
deliver earnings of $2.10 per share, when it actually saw
earnings of $2.94 per share instead, representing a 40.0%
Thanks in part to this history, recent estimates have been moving
higher for Prudential Financial. In fact, the
for PRU 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 PRU, as the firm currently has a Zacks
Earnings ESP of 6.85%, so another beat could be around the
This is particularly true when you consider that PRU 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
of the time, so it seems pretty likely that PRU could see another
beat at its next report, especially if recent trends are any
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