Published on 24 Aug 2023 on Zacks via Yahoo Finance
Why Edgio (EGIO) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and Edgio, Inc. EGIO 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 Edgio 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 EGIO in this report.