Looking for a stock that might be in a good position to beat earnings at its next report? Consider Aegerion Pharmaceuticals, Inc. AEGR, a firm in the biopharmaceutical space, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, AEGR has beaten estimates by at least 90% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, AEGR expected to post a loss of 27 cents per share, while it actually produced a loss of 1 penny per share, a beat of 96.3%. Meanwhile, for the most recent quarter, the company looked to post a loss of 51 cents/share, when it actually saw earnings of 7 cents/share instead, representing a significant positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Aegerion Pharmaceuticals. In fact, the Earnings ESP for AEGR is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for AEGR, as the firm currently has a Zacks Earnings ESP of 22.22%, so another beat could be around the corner.
This is particularly true when you consider that AEGR has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that AEGR could see another beat at its next report, especially if recent trends are any guide.
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