Advertisement
Canada markets open in 8 hours 10 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7258
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    84.44
    +1.71 (+2.07%)
     

  • Bitcoin CAD

    85,621.16
    +615.76 (+0.72%)
     

  • CMC Crypto 200

    1,289.57
    +404.04 (+44.53%)
     

  • GOLD FUTURES

    2,398.40
    +0.40 (+0.02%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,381.00
    -166.25 (-0.95%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,104.09
    -975.61 (-2.56%)
     

  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     

Should You Buy Luminex Corporation (LMNX) Ahead of Earnings?

Payel Dhar

Investors are always looking for stocks that are poised to beat at earnings season and Luminex Corporation LMNX 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 Luminex Corporation 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 LMNX in this report.

In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of a loss of 2 cents per share. This suggests that analysts have very recently bumped up their estimates for LMNX, giving the stock a Zacks Earnings ESP of +14.28% heading into earnings season.

Luminex Corporation Price and EPS Surprise

Luminex Corporation Price and EPS Surprise
Luminex Corporation Price and EPS Surprise

Luminex Corporation price-eps-surprise | Luminex 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 LMNX 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 Luminex Corporation, and that a beat might be in the cards for the upcoming report.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>


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
 
Luminex Corporation (LMNX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.