B2Gold Corp BTG is slated to report third-quarter 2019 earnings results on Nov 5, after the closing bell.
The company has a mixed earnings track record. B2Gold delivered a positive surprise in one of the trailing four quarters, came in-line in one and lagged in one quarter, the average being 4.17%.
B2Gold Corp Price and EPS Surprise
B2Gold Corp price-eps-surprise | B2Gold Corp Quote
Which Way are Q3 Estimates Headed?
The Zacks Consensus Estimate for the third-quarter earnings is currently pegged at 8 cents per share, indicating a 60% growth from the prior-year quarter. The figure has also moved up 14% over the past 30 days.
Let’s see, how things are shaping up for this announcement.
Our proven model does not conclusively predict an earnings beat for B2Gold this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of a positive surprise. But this is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: B2Gold has an Earnings ESP of 0.00% as both the Zacks Consensus Estimate and the Most Accurate Estimate are pegged at 8 cents per share.
Zacks Rank: B2Gold carries a Zacks Rank #2.
Stocks That Warrant a Look
Here are a few Basic Materials stocks which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Franco-Nevada Corporation FNV has an Earnings ESP of +0.34% and a Zacks Rank of 1.
Kinross Gold Corporation KGC has a Zacks Rank #1 and an Earnings ESP of +2.50%.
WestRock Company WRK, a Zacks Ranked #3 stock, has an Earnings ESP of +0.06%.
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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.
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