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Why Murphy USA (MUSA) Could Beat Earnings Estimates Again

Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Murphy USA Inc. (MUSA), a firm in the Oil Refining & Marketing industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, MUSA has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, MUSA expected to earn 87 cents per share, while it actually produced earnings of $1.57 per share, a beat of 80.46%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.17 per share, when it actually saw earnings of $1.36 per share instead, representing a 16.24% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Murphy USA. In fact, the Earnings ESP for MUSA is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for MUSA, as the firm currently has a Zacks Earnings ESP of 28.36%, so another beat could be around the corner.

This is particularly true when you consider that MUSA has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that MUSA could see another beat at its next report, especially if recent trends are any guide.

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MURPHY USA INC (MUSA): Free Stock Analysis Report


Zacks Investment Research