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MARKETS LIVE BLOG:

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S&P 500, Nasdaq notch fresh records as U.S. CPI print, Fed rate decision loom

Is a Surprise Coming for American Healthcare (AHR) This Earnings Season?

Zacks Equity Research
·2 min read

Investors are always looking for stocks that are poised to beat at earnings season and American Healthcare REIT, Inc. AHR 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 American Healthcare 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 AHR in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 32 cents per share for AHR, compared to a broader Zacks Consensus Estimate of 31 cents per share. This suggests that analysts have very recently bumped up their estimates for AHR, giving the stock a Zacks Earnings ESP of +2.13% heading into earnings season.

American Healthcare REIT, Inc. Price and EPS Surprise

American Healthcare REIT, Inc. Price and EPS Surprise
American Healthcare REIT, Inc. Price and EPS Surprise

American Healthcare REIT, Inc. price-eps-surprise | American Healthcare REIT, Inc. Quote

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).

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Given that AHR 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 American Healthcare, and that a beat might be in the cards for the upcoming report.

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

American Healthcare REIT, Inc. (AHR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research