Investors are always looking for stocks that are poised to beat at earnings season and Cisco Systems, Inc. CSCO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Cisco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CSCO in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 76 cents per share for CSCO, compared to a broader Zacks Consensus Estimate of 72 cents per share. This suggests that analysts have very recently bumped up their estimates for CSCO, giving the stock a Zacks Earnings ESP of +6.29% heading into earnings season.
I BOT THE 43.5 CALL, IF YOU DON'T TRADE OPTIONS BY A FEW SHARES OF THE STOCK
That is because Cisco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CSCO in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 76 cents per share for CSCO, compared to a broader Zacks Consensus Estimate of 72 cents per share. This suggests that analysts have very recently bumped up their estimates for CSCO, giving the stock a Zacks Earnings ESP of +6.29% heading into earnings season.
I BOT THE 43.5 CALL, IF YOU DON'T TRADE OPTIONS BY A FEW SHARES OF THE STOCK
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