Advertisement
UK markets closed

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • FTSE 250

    19,799.72
    +200.33 (+1.02%)
     

  • AIM

    755.74
    +6.56 (+0.88%)
     

  • GBP/EUR

    1.1624
    +0.0035 (+0.30%)
     

  • GBP/USD

    1.2432
    +0.0082 (+0.66%)
     

  • Bitcoin GBP

    53,434.43
    +312.00 (+0.59%)
     

  • CMC Crypto 200

    1,431.30
    +16.54 (+1.17%)
     

  • S&P 500

    5,059.37
    +48.77 (+0.97%)
     

  • DOW

    38,415.35
    +175.37 (+0.46%)
     

  • CRUDE OIL

    82.75
    +0.85 (+1.04%)
     

  • GOLD FUTURES

    2,335.00
    -11.40 (-0.49%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,137.65
    +276.85 (+1.55%)
     

  • CAC 40

    8,105.78
    +65.42 (+0.81%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Should You Buy Meritor (MTOR) Ahead of Earnings?

Zacks Equity Research
Updated

Investors are always looking for stocks that are poised to beat at earnings season and Meritor, Inc. MTOR 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 Meritor 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 MTOR in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 49 cents per share for MTOR, compared to a broader Zacks Consensus Estimate of 47 cents per share. This suggests that analysts have very recently bumped up their estimates for MTOR, giving the stock a Zacks Earnings ESP of +4.26% heading into earnings season.

Meritor, Inc. Price and EPS Surprise

Meritor, Inc. Price and EPS Surprise | Meritor, Inc. Quote

ADVERTISEMENT

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 MTOR has a Zacks Rank #1 (Strong Buy) 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 Meritor, and that a beat might be in the cards for the upcoming report.

Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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
 
Meritor, Inc. (MTOR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research