Published on 28 Nov 2022 on Zacks via Yahoo Finance
Why Earnings Season Could Be Great for Companhia Siderurgica Nacional (SID)
Investors are always looking for stocks that are poised to beat at earnings season and Companhia Siderúrgica Nacional SID 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 Companhia Siderúrgica Nacional 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 SID in this report.In fact, the Most Accurate Estimate for the current quarter is currently at 15 cents per share for SID, compared to a broader Zacks Consensus Estimate of 13 cents per share. This suggests that analysts have very recently bumped up their estimates for SID, giving the stock a Zacks Earnings ESP of +20.00% heading into earnings season.
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