In a turbulent environment, investors are inclined to put in some extra work to stay on top of the latest market happenings. Analysts and investors are typically highly focused on company earnings numbers when they are published. Company earnings are a good way to analyze the profitability of the company. Sell-side analysts are currently looking for Resolute Forest Products Inc. (NYSE:RFP) to post quarterly EPS of $N/A. The company’s next earnings report is expected to be released on or around 2016-11-03 for the period ending on 2016-09-30. The company posted EPS of $0.15 for the same quarter last year. Most recently, the company reported EPS of $0.07. Prior to the last earnings report, Zacks Research had a consensus estimate looking for EPS of $0.03. The gap between the estimate and actual number was $0.04 which created a surprise factor of 133.33%. The surprise factor can cause substantial stock fluctuations after the earnings release.
Company earnings results have the capability of triggering near-term stock movements whether results hit or miss expectations. Prior to earnings, investors may be tracking directional trends of provided estimates. The company reported actual earnings per share for the previous quarter of $0.07. The Zacks Research consensus estimate before the earnings report was $0.03. The difference between the estimate and actual was $0.04 which created a surprise factor of 133.33%.
5 analysts polled by Zacks Research currently have a mean target price of $5.95 on shares. The analyst with the highest target price sees the stock hitting $7 and the lowest target estimate sees the stock touching $4.75 within the year. Zacks Research also uses an analyst ratings scale that ranges from 1 to 5. Using this scale, a 1 would represent a Strong Buy, and a 5 rating would indicate a Strong Sell rating. Using all the ratings on Resolute Forest Products Inc. (NYSE:RFP), the mean sits at 4.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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