In search of a inventory that has been persistently beating earnings estimates and could be properly positioned to maintain the streak alive in its subsequent quarterly report? Northern Oil and Fuel (NOG), which belongs to the Zacks Oil and Fuel – Exploration and Manufacturing – United States trade, might be an important candidate to contemplate.
This impartial oil and gasoline firm has a longtime report of topping earnings estimates, particularly when wanting on the earlier two studies. The corporate boasts a median shock for the previous two quarters of 38.11%.
For the final reported quarter, Northern Oil and Fuel got here out with earnings of $1.37 per share versus the Zacks Consensus Estimate of $0.87 per share, representing a shock of 57.47%. For the earlier quarter, the corporate was anticipated to put up earnings of $1.12 per share and it really produced earnings of $1.33 per share, delivering a shock of 18.75%.
Worth and EPS Shock
Thanks partially to this historical past, there was a good change in earnings estimates for Northern Oil and Fuel these days. Actually, the Zacks Earnings ESP (Anticipated Shock Prediction) for the inventory is constructive, which is a good indicator of an earnings beat, notably when mixed with its stable Zacks Rank.
Our analysis reveals that shares with the mix of a constructive Earnings ESP and a Zacks Rank #3 (Maintain) or higher produce a constructive shock practically 70% of the time. In different phrases, in case you have 10 shares with this mix, the variety of shares that beat the consensus estimate might be as excessive as seven.
The Zacks Earnings ESP compares the Most Correct Estimate to the Zacks Consensus Estimate for the quarter; the Most Correct Estimate is a model of the Zacks Consensus whose definition is said to alter. The thought right here is that analysts revising their estimates proper earlier than an earnings launch have the most recent info, which may probably be extra correct than what they and others contributing to the consensus had predicted earlier.
Northern Oil and Fuel has an Earnings ESP of +1.83% in the intervening time, suggesting that analysts have grown bullish on its near-term earnings potential. Once you mix this constructive Earnings ESP with the inventory’s Zacks Rank #3 (Maintain), it reveals that one other beat is probably across the nook. The corporate’s subsequent earnings report is anticipated to be launched on November 6, 2025.
When the Earnings ESP comes up destructive, traders ought to observe that this may scale back the predictive energy of the metric. However, a destructive worth will not be indicative of a inventory’s earnings miss.
Many corporations find yourself beating the consensus EPS estimate, however that is probably not the only foundation for his or her shares shifting larger. Then again, some shares could maintain their floor even when they find yourself lacking the consensus estimate.
Due to this, it is actually necessary to verify an organization’s Earnings ESP forward of its quarterly launch to extend the chances of success. Ensure that to make the most of our Earnings ESP Filter to uncover the most effective shares to purchase or promote earlier than they’ve reported.
Northern Oil and Fuel, Inc. (NOG) : Free Inventory Evaluation Report
This text initially printed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
