Why the Earnings Streak Will Continue for Atlantic Tele-Network (ATNI) - Tale of the Tape

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Atlantic Tele-Network, Inc. ( ATNI ), a firm in the telecom serviced 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, ATNI has beaten estimates by at least 55% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, ATNI expected to earn 44 cents per share, while it actually produced earnings of 72 cents per share, a beat of 63.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 64 cents per share, when it actually saw earnings of $1.01 per share instead, representing a 57.8% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Atlantic Tele-Network. In fact, the Earnings ESP for ATNI 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 ATNI, as the firm currently has a Zacks Earnings ESP of 15.00%, so another beat could be around the corner.

This is particularly true when you consider that ATNI has a great Zacks Rank #1 (Strong 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 ATNI could see another beat at its next report, especially if recent trends are any guide.

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ATLANTIC TELE-N (ATNI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: ATNI

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