Why Credicorp (BAP) Could Surprise This Earnings Season

Investors are always looking for stocks that are poised to beat earnings season Credicorp limited liability company BAP may be one such company. The company’s earnings are coming out soon, and things are shaping up quite well for their report.

That’s because Credicorp has been seeing favorable earnings estimate revisions lately, which is typically a sign of earnings improvement. After all, analysts raising estimates just before earnings — using the most up-to-date information — is a pretty good indicator of some favorable trends beneath the surface for BAP, as outlined in this report.

In fact, the Most Accurate Estimate for the current quarter currently stands at $3.93 per share for BAP, compared to the broader Zacks Consensus Estimate of $3.86 per share. This suggests that analysts have recently upgraded their estimates for BAP, giving the stock a Zacks Earnings ESP of +1.81% ahead of earnings season.

Credicorp Ltd. Price and EPS Surprise

Credicorp Ltd. Price and EPS surprise | Credicorp Ltd. Quote

Why is this important?

A positive reading for the Zacks Earnings ESP has proven to be very effective in generating both positive surprises and outperforming the market. Our latest 10-year backtest shows that stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time and return an average of over 28% annually (see more Top Earnings ESP stocks here).

Given BAP has a Zacks Rank #2 (Buy) and an ESP of Positive, investors may want to consider this stock ahead of earnings. You can see see the complete list of today’s Zacks #1 (Strong Buy) stocks here.

Apparently, recent earnings estimate revisions suggest that Credicorp has good things ahead and that the upcoming report could deliver good results.

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