| Should You Buy Golden Star Resources (GSS) Ahead of Earnings? | |
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Investors are always looking for stocks that are poised to beat at earnings season and Golden Star Resources, Ltd. GSS 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 Golden Star Resources 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 GSS in this report.
In fact, the Most Accurate Estimate for the current quarter currently stands at a loss of 6 cents per share for GSS, compared to a broader Zacks Consensus Estimate of a loss of 7 cents per share. This suggests that analysts have very recently bumped up their estimates for GSS, giving the stock a Zacks Earnings ESP of 14.29% 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 GSS 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 Golden Star Resources, and that a beat might be in the cards for the upcoming report.
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Golden Star Resources
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PRODUCTEUR |
CODE : GSC.TO |
ISIN : CA38119T1049 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Golden Star est une société de production minière d'or basée aux Etats-Unis D'Amerique. Golden Star détient divers projets d'exploration au Burkina Faso. Ses principaux projets en production sont BOGOSO / PRESTEA, WASSA, HWINI-BUTRE (FATHER BROWN) et BENSO au Ghana et ses principaux projets en exploration sont MANO RIVER en Sierra Leone, SARAMACCA et AMÉLIKIA au Suriname, AKROPONG TREND et DUNKWA au Ghana et GOULAGOU - ROUNGA au Burkina Faso. Golden Star est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,9 milliards CA$ (2,3 milliards US$, 2,1 milliards €). La valeur de son action a atteint son plus haut niveau récent le 28 novembre 2003 à 9,94 CA$, et son plus bas niveau récent le 24 décembre 2014 à 0,20 CA$. Golden Star possède 584 169 984 actions en circulation. |