Yahoo Finance Is a Surprise Coming for Akouos (AKUS) This Earnings Season?
Investors are always looking for stocks that are poised to beat at earnings season and Akouos, Inc. AKUS 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 Akouos 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 AKUS in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 43 cents per share for AKUS, narrower than the broader Zacks Consensus Estimate of a loss of 49 cents per share. This suggests that analysts have very recently bumped up their estimates for AKUS, giving the stock a Zacks Earnings ESP of +12.25% heading into earnings season.
Akouos, Inc. Price and EPS Surprise
Akouos, Inc. price-eps-surprise | Akouos, 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).
Given that AKUS 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 Akouos, and that a beat might be in the cards for the upcoming report.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers 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
Akouos, Inc. (AKUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
