For Immediate Release
Chicago, IL – November 23, 2009 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Deere (DE), Tyson (TSN) and BJ Services (BJS). To see more earnings analysis, visit http://at.zacks.com/?id=3207.
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Give Thanks for a Great 3Q
Historically the best indicators of firms which are likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. Some of the companies that have these characteristics include:
Deere (DE) is expected to post EPS of just $0.05, down from $0.81 last year. That low expectation sets it up for a positive surprise. Last time out they beat by 73.7%. However there has been no change in the estimate over the last month, and the stock has a neutral Zacks Rank of 3
Tyson (TSN), the poultry producer, might just make its investors thankful. It is expected to earn $0.26, up from $0.14 last year. Last time out it beat by 83.3%. However, analysts have slightly shaved the mean estimate by 0.6% over the last month.
In keeping with the overall very positive tone of this earnings season, the potential negative firms are less clear cut. However:
BJ Services (BJS) is expected to post EPS of just $0.03, down from $0.57 last year. It badly missed estimates last time, reporting a loss instead of income and analysts have cut the estimates for this year’s quarter by 11.1% over the last month.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that “Earnings estimate revisions are the most powerful force impacting stock prices.” Since inception in 1988, #1 Rank Stocks have generated an average annual return of +26%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 111% annually (-0.8% versus +8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
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