Will Prosperity Bancshares (PB) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Prosperity Bancshares (PB) has consistently beaten earnings estimates, with an average surprise of 1.73% over the last two quarters [1][2] - The company reported earnings of $1.18 per share for the most recent quarter, exceeding the expected $1.15, resulting in a surprise of 2.61% [2] - The previous quarter also saw a positive surprise, with actual earnings of $1.19 per share against an estimate of $1.18, yielding a surprise of 0.85% [2] Earnings Expectations - The Zacks Earnings ESP for Prosperity Bancshares is currently +1.04%, indicating a bullish sentiment among analysts regarding the company's earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong likelihood of another earnings beat in the upcoming report [7][8] - The next earnings report for Prosperity Bancshares is anticipated to be released on July 24, 2024 [8] Market Analysis - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of beating consensus estimates [3] - The Earnings ESP metric is crucial for investors to assess the likelihood of a company beating earnings estimates prior to quarterly releases [10]