| Can SandRidge Energy (SD) Keep the Earnings Streak Alive This Quarter? | |
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider SandRidge Energy, Inc. SD, a firm in the Oil Exploration & Production industry, 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, SD has beaten estimates by at least 55% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SD expected to earn a loss of 3 cents per share, while it actually produced earnings of breakeven per share, a significant beat. Meanwhile, for the most recent quarter, the company looked to deliver earnings of a loss of 7 cents per share, when it actually saw earnings of a loss of 3 cents per share instead, representing a 57.1% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for SandRidge Energy. In fact, the Earnings ESP for SD 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 SD, as the firm currently has a Zacks Earnings ESP of 44.44%, so another beat could be around the corner.
This is particularly true when you consider that SD 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 SD could see another beat at its next report, especially if recent trends are any guide.
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SandRidge Energy
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CODE : SD |
ISIN : US80007P3073 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SandRidge is a exploration company based in United states of america. SandRidge is listed in United States of America. Its market capitalisation is US$ 440.2 millions as of today (€ 394.4 millions). Its stock quote reached its lowest recent point on January 06, 2016 at US$ 0.15, and its highest recent level on September 20, 2024 at US$ 12.28. SandRidge has 35 850 000 shares outstanding. |