Why Franco-Nevada (FNV) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Franco-Nevada (FNV) is a strong candidate for investors looking for stocks that consistently beat earnings estimates, particularly in the precious metals streaming and royalty sector [1]. Earnings Performance - For the last reported quarter, Franco-Nevada achieved earnings of $1.24 per share, exceeding the Zacks Consensus Estimate of $1.1 per share, resulting in a surprise of 12.73% [2]. - In the previous quarter, the company was expected to earn $1 per share but reported $1.07 per share, delivering a surprise of 7.00% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Franco-Nevada, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5]. - The current Earnings ESP for Franco-Nevada is +5.63%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank 2 (Buy) indicates a high probability of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].