Advertisement
UK markets close in 7 hours 29 minutes

  • FTSE 100

    8,077.17
    +32.36 (+0.40%)
     

  • FTSE 250

    19,801.18
    +1.46 (+0.01%)
     

  • AIM

    756.52
    +1.65 (+0.22%)
     

  • GBP/EUR

    1.1629
    +0.0001 (+0.01%)
     

  • GBP/USD

    1.2434
    -0.0019 (-0.15%)
     

  • Bitcoin GBP

    53,614.61
    +329.65 (+0.62%)
     

  • CMC Crypto 200

    1,416.02
    -8.08 (-0.57%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • CRUDE OIL

    83.33
    -0.03 (-0.04%)
     

  • GOLD FUTURES

    2,333.90
    -8.20 (-0.35%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,152.34
    +323.41 (+1.92%)
     

  • DAX

    18,201.79
    +64.14 (+0.35%)
     

  • CAC 40

    8,105.98
    +0.20 (+0.00%)
     
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

Why Equity Residential (EQR) Might Surprise This Earnings Season

Zacks Equity Research
·2-min read

Investors are always looking for stocks that are poised to beat at earnings season and Equity Residential EQR 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 Equity Residential 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 EQR in this report.

In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of 88 cents per share. This suggests that analysts have very recently bumped up their estimates for EQR, giving the stock a Zacks Earnings ESP of +0.31% heading into earnings season.

Equity Residential Price and EPS Surprise

Equity Residential Price and EPS Surprise
Equity Residential Price and EPS Surprise

Equity Residential price-eps-surprise | Equity Residential 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 EQR 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 Equity Residential, 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

Equity Residential (EQR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research