Two Tech Stocks to Watch for Earnings Beat: CARR in Focus

Investors tracking computer and technology stocks for potential earnings surprises have a useful tool at their disposal: the Zacks Earnings ESP (Expected Surprise Prediction). This proprietary methodology helps in detecting companies that are likely to surpass market expectations. Taking advantage of the Earnings ESP could be critical for those looking to enhance their investment portfolio with stocks poised to deliver a positive earnings surprise in their upcoming reports.

Understanding Zacks Earnings ESP

The Earnings ESP is a predictive model designed to identify the chances of a company to beat earnings estimates, combining 'Most Accurate Estimate' and the 'Zacks Consensus Estimate'. When the Most Accurate Estimate is higher than the consensus, the company has a positive Earnings ESP and vice versa. Statistically, companies with a high Zacks Earnings ESP are more inclined to exceed earnings predictions.

Top Computer and Technology Stocks to Consider

Among the stocks under the investor's radar should be CARR, which belongs to Carrier Global Corporation, an American multinational specializing in home appliances. Notably, stocks with a positive Zacks Rank and a positive Earnings ESP are those which historically have the highest chances of beating earnings expectations. Investors can research these metrics to make informed decisions before the earnings announcements. Monitoring stocks like CARR ahead of earnings could potentially lead to profitable investments.

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