Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. The company's next earnings report is expected to be released on July 31, 2023. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.ĪerCap has an Earnings ESP of +0.95% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. With this earnings history in mind, recent estimates have been moving higher for AerCap. For the previous quarter, the company was expected to post earnings of $1.97 per share and it actually produced earnings of $2.66 per share, delivering a surprise of 35.03%. Gas spot prices averaged roughly $14.For the last reported quarter, AerCap came out with earnings of $2.34 per share versus the Zacks Consensus Estimate of $2 per share, representing a surprise of 17%.Electricity price expectations for 2024 increased in Queensland and New South Wales but remain well below levels observed in 2022.More black coal capacity was offered than a year ago despite Liddell's exit in April.Planned electricity network outages contributed to high prices in Queensland, New South Wales and South Australia.With more rooftop solar generation, average electricity demand was lower than Q2 2022 during the day but not in the evening peaks.There were far fewer coal generator outages than in Q2 2022.Electricity spot prices increased from Q1 2023 with the onset of winter, but remained well below Q2 2022 levels.These reports are now more concise and made available sooner after the quarter’s end to address the need for timely market information, including reporting on the impact of the Federal Government’s Energy Price Relief Plan. The quarterly reports include discussion of prices, demand, generation, contracts, market outlook and new entry and exit. The AER’s wholesale markets quarterly report analyses trends in the electricity and gas wholesale markets, focusing on the most recent quarter, and alerts participants and stakeholders to issues of concern. Having trouble paying your energy bills?.Translated information to help energy consumers.Public register of authorised retailers.Gas pipeline regulatory determination role.Regulatory sandboxing – Energy innovation toolkit.Prescribed transparency information for gas service providers.Public register of non-scheme pipeline exemptions.Compliance issues register: ISP & Actionable RIT-Ts.Pipeline Capacity Trading and Day Ahead Auction.
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