Earnings

Insight on Earnings Surprises: Spotlight on PAYC and BMI

Published July 10, 2024

As the earnings season ramps up, investors are on the lookout for companies that are poised to outperform market expectations. A particularly useful analytical tool for identifying such standouts is the Zacks Earnings ESP (Expected Surprise Prediction), which has been instrumental in highlighting potential earnings beats. By analyzing the most recent earnings estimates from analysts, the ESP metric predicts with a significant degree of accuracy which stocks may surprise with their upcoming earnings reports. Two computer and technology stocks currently showing promising ESP figures are Paycom Software, Inc. PAYC and Badger Meter, Inc. BMI, making them contenders likely to beat their earnings estimates.

Why Paycom Software, Inc. PAYC is Worth Watching

Paycom Software, Inc. PAYC, a leading American provider of online payroll and human resource technology, is gaining attention ahead of its earnings report. Based in Oklahoma City, Oklahoma, Paycom has been expanding its comprehensive software solutions, addressing complex HR and payroll needs across various industries. Investors might want to consider PAYS in their portfolios as its Earnings ESP hints at a potential beat this season, reflecting analyst optimism about its recent efforts and growth strategies.

The Case for Badger Meter, Inc. BMI

Similarly, Badger Meter, Inc. BMI is showing an encouraging Earnings ESP figure. The Milwaukee, Wisconsin-headquartered company specializes in flow measurement, control, and communication technology. Serving a diverse range of markets, from Asia to the Middle East, BMI's innovative solutions in sectors like water quality management position it well for a positive earnings surprise. Investors tracking the Earnings ESP trend might find BMI to be an attractive addition to their stock considerations, given the prospects of exceeding earnings expectations.

In conclusion, for investors aiming to capitalize on potential earnings beats, the Zacks Earnings ESP reveals that PAYC and BMI are stocks that warrant attention during this earnings season. Their strong positions within their respective sectors and favorable earnings estimate revisions contribute to the likelihood of surpassing market expectations. Now could be an opportune time for investors to take advantage of these insights for potential portfolio gains.

Earnings, Analysis, Stocks