Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7301
    +0.0003 (+0.05%)
     

  • CRUDE OIL

    82.77
    -0.04 (-0.05%)
     

  • Bitcoin CAD

    88,439.16
    -2,919.19 (-3.20%)
     

  • CMC Crypto 200

    1,394.26
    -29.84 (-2.10%)
     

  • GOLD FUTURES

    2,330.90
    -7.50 (-0.32%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,480.25
    -184.25 (-1.04%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    37,968.77
    -491.31 (-1.28%)
     

  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

Should You Buy Antero Midstream (AM) Ahead of Earnings?

Zacks Equity Research

Investors are always looking for stocks that are poised to beat at earnings season and Antero Midstream Partners LP AM 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 Antero Midstream 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 AM in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 22 cents per share for AM, compared to a broader Zacks Consensus Estimate of 20 cents per share. This suggests that analysts have very recently bumped up their estimates for AM, giving the stock a Zacks Earnings ESP of +8.20% heading into earnings season.

Antero Midstream Corporation Price and EPS Surprise

Antero Midstream Corporation Price and EPS Surprise
Antero Midstream Corporation Price and EPS Surprise

Antero Midstream Corporation price-eps-surprise | Antero Midstream Corporation Quote

ADVERTISEMENT

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that AM has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Antero Midstream, and that a beat might be in the cards for the upcoming report.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Antero Midstream Corporation (AM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research