Published on 14 Nov 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.

In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 6 cents per share for EGIO, compared to a broader Zacks Consensus Estimate of a loss of 7 cents per share. This suggests that analysts have very recently bumped up their estimates for EGIO, giving the stock a Zacks Earnings ESP of +14.29% heading into earnings season.