Advertisement
UK markets close in 4 hours 38 minutes

  • FTSE 100

    8,108.26
    +29.40 (+0.36%)
     

  • FTSE 250

    19,817.43
    +215.45 (+1.10%)
     

  • AIM

    755.74
    +2.62 (+0.35%)
     

  • GBP/EUR

    1.1658
    +0.0002 (+0.01%)
     

  • GBP/USD

    1.2511
    +0.0000 (+0.00%)
     

  • Bitcoin GBP

    51,313.23
    +436.18 (+0.86%)
     

  • CMC Crypto 200

    1,388.20
    -8.34 (-0.60%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.10
    +0.53 (+0.63%)
     

  • GOLD FUTURES

    2,359.30
    +16.80 (+0.72%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,047.87
    +130.59 (+0.73%)
     

  • CAC 40

    8,032.39
    +15.74 (+0.20%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Should You Buy S&P Global (SPGI) Ahead of Earnings?

Zacks Equity Research
·2-min read

Investors are always looking for stocks that are poised to beat at earnings season and S&P Global SPGI 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 S&P Global 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 SPGI in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at $2.96 per share for SPGI, compared to a broader Zacks Consensus Estimate of $2.92 per share. This suggests that analysts have very recently bumped up their estimates for SPGI, giving the stock a Zacks Earnings ESP of +1.20% heading into earnings season.

S&P Global Inc. Price and EPS Surprise

S&P Global Inc. price-eps-surprise | S&P Global Inc. 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 SPGI 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 S&P Global, and that a beat might be in the cards for the upcoming report.

ADVERTISEMENT

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

S&P Global Inc. (SPGI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research