Will Upbound Group (UPBD) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Upbound Group (UPBD) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1][4]. Company Performance - Upbound Group has a track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 3.90% [2]. - In the last reported quarter, the company achieved earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, resulting in a surprise of 2.60% [3]. - For the previous quarter, Upbound Group was expected to earn $0.77 per share but delivered $0.81 per share, yielding a surprise of 5.19% [3]. Earnings Estimates - Estimates for Upbound Group have been trending upward, aided by its history of earnings surprises [4]. - The company currently has an Earnings ESP (Expected Surprise Prediction) of +1.63%, indicating a bullish sentiment among analysts regarding its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report scheduled for August 1, 2024 [7]. Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to earnings releases [6].