Will Blue Buffalo Pet Products (BUFF) Crush Estimates at Its Next Earnings Report?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Blue Buffalo Pet Products, Inc.BUFF , a firm in the Consumer Products - Staples 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, BUFF has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BUFF was expected to post earnings of 17 cents per share, while it actually produced earnings of 19 cents per share, a beat of 11.8%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 20 cents per share, when it actually saw earnings per share of 22 cents instead, representing a 10% positive surprise.
BLUE BUFFALO Price and EPS Surprise
Thanks in part to this history, recent estimates have been moving higher for Blue Buffalo Pet Products. In fact, the Earnings ESP for BUFF 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 BUFF, as the firm currently has a Zacks Earnings ESP of 5.56%, so another beat could be around the corner.
This is particularly true when you consider that BUFF has a great Zacks Rank #2 (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 (Strong Buy) 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 BUFF could see another beat at its next report, especially if recent trends are any guide.
Zacks' Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>