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Consumer Discretionary : Internet & Direct Marketing Retail | Large Cap Growth
Company profile

Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation. AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising. It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various movies and television (TV) episodes.

Premarket

Last Trade
Delayed
$2,889.01
10.31 (0.36%)
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Closing Price
$2,878.70
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
6,214

10-day average volume:
4,274,285
6,214

Can CAE (CAE) Keep the Earnings Surprise Streak Alive?

11:10 am ET May 6, 2020 (Zacks) Print

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering CAE (CAE), which belongs to the Zacks Aerospace - Defense Equipment industry.

When looking at the last two reports, this civil and military flight simulator company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.12%, on average, in the last two quarters.

For the last reported quarter, CAE came out with earnings of $0.28 per share versus the Zacks Consensus Estimate of $0.27 per share, representing a surprise of 3.70%. For the previous quarter, the company was expected to post earnings of $0.19 per share and it actually produced earnings of $0.21 per share, delivering a surprise of 10.53%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for CAE. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

CAE has an Earnings ESP of +11.24% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 22, 2020.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.


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