Gilead Sciences Inc. GILD is scheduled to report first-quarter 2017 results on May 2, after the market closes. Last quarter, the company beat expectations by 14.3%.
Gilead’s track record is mixed, with the company beating estimates in two of the last four trailing and missing in the other two. Overall, the company recorded an average positive earnings surprise of 2.88%.
Our proven model shows that Gilead is likely to beat on earnings because it has the right combination of two key ingredients, a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is at +2.77%. This is because the Most Accurate estimate is $2.23 while the Zacks Consensus Estimate is pegged lower at $2.17. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Gilead currently carries a Zacks Rank #3. The combination of Zacks Rank #3 and a positive ESP makes us confident of an earnings beat at Gilead in the upcoming release.
Source: Yahoo Finance
Trader I. Ivanov
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