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Can Bluerock Residential Growth (BRG) Keep the Earnings Streak Alive This Quarter?

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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Bluerock Residential Growth REIT, Inc.BRG , a firm in the REIT and Equity Trust - Residentia l 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, BRG has beaten estimates by at least over 100% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, BRG expected to post 11 cents per share, while it actually produced 26 cents per share, a beat of over 100%. Meanwhile, for the most recent quarter, the company looked to deliver 5 cents per share, when it actually saw 21 cents per share instead, representing a more than100% positive surprise.

BLUERCK RG REIT Price and EPS Surprise

BLUERCK RG REIT Price and EPS Surprise | BLUERCK RG REIT Quote

Thanks in part to this history, recent estimates have been moving higher for Bluerock Residential Growth. In fact, the Earnings ESP for BRG 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 BRG, as the firm currently has a Zacks Earnings ESPof 21.43% so another beat could be around the corner.

This is particularly true when you consider that BRG has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today's Zacks #1 Rank stocks here .

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 BRG could see another beat at its next report, especially if recent trends are any guide.

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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.


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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