Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Virtu Financial (VIRT), which belongs to the Zacks Financial - Miscellaneous Services industry.
When looking at the last two reports, this high-speed trading company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.64%, on average, in the last two quarters.
For the most recent quarter, Virtu Financial was expected to post earnings of $1.68 per share, but it reported $1.82 per share instead, representing a surprise of 8.33%. For the previous quarter, the consensus estimate was $1.66 per share, while it actually produced $2.24 per share, a surprise of 34.94%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Virtu Financial. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or b...