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Zoo Digital passes   / 7 of the Earnings Surprise Screen Strategy.
History Earnings Surprise Momentum is a momentum investing strategy that was identified in research by academics Narasimhan Jegadeesh and Joshua Livnat in their paper, Revenue Surprises and Stock Returns. It specifically looks for companies that managed to significantly beat earnings and sales forecasts in their previous financial results. These 'earnings surprises' have been found to cause medium term increases in share prices. This is believed to be caused by analysts being slow to revise their forecasts and the market failing to adequately 'price-in' the better than expected results. Jegadeesh and Livnat found that the the top 20% of stocks in terms of upside earnings and sales surprises outperformed the market by 5.3%. They wrote: "Although analysts revise their forecasts of future earnings in response to revenue surprises, they are slow to incorporate fully the information in revenue surprises." more »

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Mkt Cap £m > 25
EPS Surprise %, Last Interim > 5
EPS Surprise %, Last Interim > Median
EPS Surprise % Last Yr > 5
Sales Surprise %, Last Interim > 5
Sales £m > 25
Rank ( Mkt Cap £m ) < 75%
Qualifies in the top 30 stocks sorted by EPS Surprise %, Last Interim descending

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