Upbound Group (UPBD) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - Upbound Group is expected to report earnings on August 1, with a consensus estimate of $1.02 per share, reflecting a year-over-year decline of 8.1% despite anticipated revenue growth of 6% to $1.04 billion [2][10][12]. Earnings Estimates and Predictions - The Zacks Consensus Estimate for Upbound Group's revenues is projected at $1.04 billion, which is a 6% increase from the same quarter last year [2]. - The Most Accurate Estimate for the upcoming quarter is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.63%, indicating a likelihood of beating the consensus EPS estimate [15][16]. - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [3]. Earnings Surprise History - Upbound Group has a history of beating consensus EPS estimates, having done so in the last four quarters, which may influence investor expectations for the upcoming report [18]. - In the previous quarter, the company was expected to post earnings of $0.77 per share but exceeded this with actual earnings of $0.79, resulting in a surprise of +2.60% [7]. Market Sentiment and Analyst Ratings - The company currently holds a Zacks Rank of 3 (Hold), which indicates a neutral sentiment among analysts [6]. - A positive Earnings ESP combined with a solid Zacks Rank can significantly increase the probability of an earnings beat, with historical data showing a nearly 70% success rate for such combinations [5].