Should You Buy Kinross (KGC) Ahead of Earnings?

Core Insights - Kinross Gold Corporation (KGC) is expected to report earnings soon, with favorable conditions indicating a potential earnings beat [1] - Recent earnings estimate revisions show analysts have raised their estimates for KGC, suggesting positive trends [1] - The Most Accurate Estimate for KGC's current quarter is 11 cents per share, compared to the Zacks Consensus Estimate of 9 cents per share, resulting in a Zacks Earnings ESP of +13.51% [1] Importance of Earnings ESP - A positive Zacks Earnings ESP has historically led to positive surprises and market outperformance, with a 10-year backtest showing nearly 70% positive surprise rate for stocks with a positive Earnings ESP and a Zacks Rank 3 or better [2] - KGC holds a Zacks Rank 3 and a positive Earnings ESP, making it a stock to consider ahead of earnings [2] - Recent earnings estimate revisions indicate a strong likelihood of a positive earnings report for Kinross [2]