Pfizer (PFE) Q1 Earnings: Will It Pull Off A Surprise?
Zacks Investment Research | Apr 25, 2017 11:09PM ET
Pfizer, Inc. (NYSE:PFE) will report first-quarter 2017 earnings on May 2, before market open. Last quarter, the company delivered a negative earnings surprise of 6.0%.
The pharma giant has a mixed record of earnings surprises. The company’s earnings surpassed expectations in two of the last four quarters while missing in the other two, with an average positive surprise of 4.36%.
Pfizer’s shares rose 4% in the past one year compared with an increase of 5.4% for the Zacks classified Earnings ESP Filter .
Zacks Rank: Pfizer’s Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings beat.
We caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Pfizer, Inc. Price and EPS Surprise
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