Yahoo Finance Is a Surprise Coming for Mylan (MYL) This Earnings Season?
Investors are always looking for stocks that are poised to beat at earnings season and Mylan N.V. MYL 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 Mylan 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 MYL in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 95 cents per share for MYL, compared to a broader Zacks Consensus Estimate of 88 cents per share. This suggests that analysts have very recently bumped up their estimates for MYL, giving the stock a Zacks Earnings ESP of +7.18% heading into earnings season.
Mylan N.V. Price and EPS Surprise
Mylan N.V. price-eps-surprise | Mylan N.V. 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 MYL 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 Mylan, and that a beat might be in the cards for the upcoming report.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
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
Mylan NV (MYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
