CHICAGO, Feb. 28, 2011 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Nacco Industries (NYSE: NC), Silver Wheaton (NYSE: SLW), TPC Group (Nasdaq: TPCG), AES Corp (NYSE: AES) and Big Five Sporting Goods (Nasdaq: BGFV).
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Earnings Season Almost Over
Historically the best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. Similarly a recent history of earnings disappointments, cuts in the average estimate for the quarter in the month before the report is due and a poor Zacks Rank (#4 or #5) are often red flags pointing to a potential disappointing earnings report.
Potential Positive Surprises:
Nacco Industries (NYSE: NC) is expected to report $4.23 vs. $2.48 last year. Last time out it reported a 4.07% positive surprise, and over the last month the mean estimate for the about-to-be-reported quarter has increased by 1.20%. NC is a Zacks #1 Ranked stock.
Silver Wheaton (NYSE: SLW) is expected to report $0.29 vs. $0.15 last year. Last time out it reported in line with expectations, and over the last month the mean estimate for the about-to-be-reported quarter has increased by 4.02%. SLW is a Zacks #1 Ranked stock.
TPC Group (Nasdaq: TPCG) is expected to report $0.23 vs. $0.15 last year. Last time out it reported a 18.64% positive surprise, and over the last month the mean estimate for the about-to-be-reported quarter has increased by 25.00%. TPCG is a Zacks #1 Ranked stock.
Potential Negative Surprises:
AES Corp (NYSE: AES) is expected to report $0.25 vs. $0.22 last year. Last time out it reported a 20.0% negative surprise, and over the last month the mean estimate for the about-to-be-reported quarter is down 1.96%. AES is a Zacks #4 Ranked stock.
Big Five Sporting Goods (Nasdaq: BGFV) is expected to report $0.23 vs. $0.32 last year. Last time out it reported a 3.13% disappointment, and over the last month the mean estimate for the about-to-be-reported quarter has been cut by 2.51%. BGFV is a Zacks #5 Ranked stock.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (+2% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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Contact: Dirk Van Dijk, CFA
SOURCE Zacks Investment Research, Inc.