Can Amgen keep the beat streak alive this earnings season?

Our proven model does not conclusively predict an earnings beat for Amgen this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.

Earnings ESP: Amgen‘s Earnings ESP is -0.05%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Amgen has a Zacks Rank #3.

Stocks to consider

Here are some drug/biotech stocks that have the right combination of elements to beat on earnings this time around:

Exelixis (EXEL – Free Report) has an Earnings ESP of +7.14% and a Zacks Rank #3. You can see the complete list of todays Zacks #1 Rank stocks here.

Exelixis stock has risen 15.5% so far this year. Exelixis beat earnings estimates in three of the last four quarters while missing in one. EXEL has a four-quarter earnings surprise of 26.87%, on average.

Blueprint Medicines (BPMC – Free Report) has an Earnings ESP of +84.44% and a Zacks Rank #3.

Blueprint Medicines stock has risen 1.5% so far this year. BPMC beat earnings estimates in three of the last four quarters while missing in the remaining quarter. On average, BPMC delivered an earnings surprise of 13.10% in the last four quarters.

Denali Therapeutics (DNLI – Free Report) has an Earnings ESP of +4.87% and a Zacks Rank #3.

Denalis stock has risen 20.2% year to date. DNLI missed earnings estimates in two of the last four quarters while beating on the remaining two occasions. On average, Denali witnessed an earnings surprise of 6.51% in the last four quarters.

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