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Will Swift Energy (SFY) Crush Estimates at Its Next Earnings Report? - Tale of the Tape

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Swift Energy Co. ( SFY ), a firm in the Oil - U.S. Export & Production space, 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, SFY has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, SFY was expected to incur a loss of 5 cents per share, while it actually produced earnings of 4 cents per share, a beat of over 100%. Meanwhile, for the most recent quarter, the company looked to incur a loss of 32 cents per share, when it actually incurred a loss of 25 cents per share instead, representing a 21.8% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Swift Energy. In fact, the Earnings ESP for SFY 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 SFY, as the firm currently has a Zacks Earnings ESP of 7.35%, so another beat could be around the corner.

This is particularly true when you consider that SFY 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 70% of the time, so it seems pretty likely that SFY 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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