ATK to Beat Earnings Expectation - Analyst Blog
We expect aerospace and defense
company Alliant Techsystems (ATK) to beat
expectations when it reports fourth quarter fiscal 2013 results on
May 2.
Why a Likely Positive Surprise?
Our proven model indicates that Alliant Techsystems is likely to
beat earnings because it has the right combination of two key
ingredients.
Positive Zacks ESP: Expected Surprise Prediction
or ESP, (Read:Zacks Earnings ESP: A Better Method) which represents
the difference between the Most Accurate estimate and the Zacks
Consensus Estimate, is at +9.14%. This is a leading indicator of a
likely positive earnings surprise for the shares.
Zacks Rank #3 (Hold): The stocks with Zacks Ranks
of #1, #2 and #3 have a significantly higher chance of beating
earnings. The Sell rated stocks (#4 and #5) should be avoided going
into an earnings announcement.
The combination of Alliant Techsystems’s Zacks Rank #3 (Hold) and
+9.14% ESP makes us confident of an earnings beat on May 2.
What is Driving Better-than-Expected Earnings?
Alliant Techsystems reported positive earnings surprises in the
last eight quarters. We expect the trend to continue in the
to-be-reported quarter as well. The results would be driven by
ATK’s solid performance in its core markets and better management
of its expenses.
In addition, the diverse revenue stream of the company, its
competitiveness edge and operational efficiency will further
strengthen its performance. This will enable ATK to meet its
guidance set earlier.
Other Stocks to Consider
Other companies related to the aerospace and defense industry worth
considering on the basis of our model, which shows that they have
the right combination of elements to post an earnings beat this
quarter, include the following:
Exelis Inc. (XLS) has earnings ESP of +7.69% and
carries a Zacks Rank #3 (Hold).
Spirit AeroSystems Holdings Inc. (SPR) has
earnings ESP of +4.26% and carries a Zacks Rank #3 (Hold).
TransDigm Group Incorporated (TDG) has earnings
ESP of +3.05% and carries a Zacks Rank #3 (Hold).
ALLIANT TECHSYS (ATK): Free Stock Analysis Report
SPIRIT AEROSYS (SPR): Free Stock Analysis Report
TRANSDIGM GROUP (TDG): Free Stock Analysis Report
EXELIS INC (XLS): Free Stock Analysis Report
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