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Will Hecla Mining (HL) Crush Estimates at Its Next Earnings Report?

Zacks

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Hecla Mining Co. HL, a firm in the Mining-Silver industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, LLL has beaten estimates by at least 100% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, LLL expected to post earnings of a penny per share, while it actually produced earnings of 2 cents per share, a beat of 100%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 2 cents per share, when it actually saw earnings of 7 cents per share instead, representing 250% positive surprise.


HECLA MINING Price and EPS Surprise

HECLA MINING Price and EPS Surprise | HECLA MINING Quote

Thanks in part to this history, recent estimates have been moving higher for Hecla Mining. In fact, the Earnings ESP for HL is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for HL as the firm currently has a Zacks Earnings ESP of 20.00%, so another beat could be around the corner.

This is particularly true when you consider that HL has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that LLL could see another beat at its next report, especially if recent trends are any guide.

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