3 Top Ranked Stocks Surging After Strong Earnings Beats

Earnings season is well underway, with several picks surging over the last few weeks on momentum picked up from earnings beats.  Indeed, surpassing investor expectations is critical for any stock that seeks to surge to new highs.

Below, we have outlined 3 stocks from the top 50% of industries that beat quarterly earnings expectations within the past few weeks.  Since announcing earnings, the value of each of these stocks has returned handsome profits to investors.  Plus, each of these companies look geared to beat investor expectations once again due to rising estimates and other promising statistics, giving reason to expect great returns for the three stocks outlined below:

Oxford Industries Inc - (OXM - Snapshot Report)

Oxford Industries focuses on manufacturing and selling consumer apparel products.  The company currently has a Zacks Rank #1 (Strong Buy) and it has impressive growth metrics including a year over year growth estimate for this quarter of 29.43%.

There have been two positive analyst estimate revisions in the last 60 days.  Just 30 days ago, our earnings consensus estimate called for earnings of $1.02 per share for this quarter.  Since then, our consensus has been updated, and the consensus EPS estimate has risen to $1.22 for the quarter. 

The stock has beaten on our consensus estimate in three of the last four quarters, and since announcing Q4 earnings on March 26, OXM stock price has shot up 24%.  Oxford reports its earnings on 6/9/15.

Ruby Tuesday - (RT - Snapshot Report)

Ruby Tuesday is a casual dining company that operates the restaurant chains of Ruby Tuesday, Mozzarella’s, and Tia’s.  The company is a Zacks Rank #1 (Strong Buy).  While it is still early, RT has an Earnings Expected Surprise Prediction for next quarter of 100% suggesting that estimates have been moving in the right direction.

The stock price has also seen a positive trend as since the end of March, RT stock has surged 23.13%. This is due to the fact that the restaurant chain surpassed expectations for the first quarter by a significant margin.  In fact, our consensus estimate called for earnings of $-0.06 per share for the first quarter, but it actually reported EPS of $-0.01, beating our expectations by a massive 83.33%. 

Ruby Tuesday has also beat our consensus in 2 of the last 3 quarters, and by an average of 56.17% to boot.  RT doesn’t report again for a while so there is plenty of time to take a closer look at this restaurant stock before it gives another quarterly report.

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