Advertisement
UK markets open in 59 minutes

  • NIKKEI 225

    37,634.12
    -825.96 (-2.15%)
     

  • HANG SENG

    17,246.44
    +45.17 (+0.26%)
     

  • CRUDE OIL

    82.95
    +0.14 (+0.17%)
     

  • GOLD FUTURES

    2,330.40
    -8.00 (-0.34%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,491.42
    -2,025.85 (-3.79%)
     

  • CMC Crypto 200

    1,390.76
    +8.18 (+0.59%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Should You Buy Jeronimo Martins (JRONY) Ahead of Earnings?

Zacks Equity Research
·2-min read

Investors are always looking for stocks that are poised to beat at earnings season and Jeronimo Martins, SGPS, S.A. JRONY 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 Jeronimo Martins 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 JRONY in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 48 cents per share for JRONY, compared to a broader Zacks Consensus Estimate of 47 cents per share. This suggests that analysts have very recently bumped up their estimates for JRONY, giving the stock a Zacks Earnings ESP of +3.23% heading into earnings season.

Jeronimo Martins SGPS SA Price and EPS Surprise

Jeronimo Martins SGPS SA Price and EPS Surprise
Jeronimo Martins SGPS SA Price and EPS Surprise

Jeronimo Martins SGPS SA price-eps-surprise | Jeronimo Martins SGPS SA Quote

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that JRONY has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Jeronimo Martins, and that a beat might be in the cards for the upcoming report.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Jeronimo Martins SGPS SA (JRONY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research