| Why Thompson Creek Metals (TC) Might Surprise This Earnings Season - Tale of the Tape | |
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Investors are always looking for stocks that are poised to beat at earnings season and Thompson Creek Metals Company Inc. (TC) 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 Thompson Creek Metalsis 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 TC in this report. In fact, the Most Accurate Estimate for the current quarter is currently at breakeven for TC, compared to a broader Zacks Consensus Estimate of a loss of 1 cent per share. This suggests that analysts have very recently bumped up their estimates for TC, giving the stock a Zacks Earnings ESP of 100.00% heading into earnings season. 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 TC has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Thompson Creek Metals, and that a beat might be in the cards for the upcoming report. 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 >> 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 THOMPSON CREEK (TC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Thompson Creek Metals Co Inc.
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PRODUCER |
CODE : TCM.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Thompson Creek is a gold and copper producing company based in Canada. Thompson Creek produces gold, copper, molybdenum in Canada, develops copper, gold and molybdenum in Canada, and holds various exploration projects in Canada. Its main assets in production are ENDAKO and THOMPSON CREEK MINE in Canada, its main assets in development are DAVIDSON (YORKE-HARDY) and MOUNT MILLIGAN in Canada and its main exploration properties are MAZE LAKE, BERG and HOWARDS PASS in Canada. Thompson Creek is listed in Canada and in Germany. Its market capitalisation is CA$ 149.3 millions as of today (US$ 111.4 millions, € 102.3 millions). Its stock quote reached its highest recent level on July 15, 2011 at CA$ 9.88, and its lowest recent point on January 22, 2016 at CA$ 0.16. Thompson Creek has 222 780 000 shares outstanding. |