Aaon (AAON) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Company Overview - Aaon (AAON) is expected to report quarterly earnings of $0.54 per share, reflecting a year-over-year decline of 1.8% [2] - Revenues are anticipated to be $285.38 million, which is a slight increase of 0.5% from the previous year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 1.64% higher in the last 30 days, indicating a positive reassessment by analysts [3] - Aaon has a positive Earnings ESP of +0.94%, suggesting that analysts are optimistic about the company's earnings prospects [6] Earnings Surprise Prediction - The Most Accurate Estimate for Aaon is higher than the Zacks Consensus Estimate, indicating a bullish sentiment among analysts [6] - Aaon holds a Zacks Rank of 2, which further supports the likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, Aaon was expected to earn $0.53 per share but only achieved $0.46, resulting in a surprise of -13.21% [8] - Over the past four quarters, Aaon has beaten consensus EPS estimates three times, showcasing a generally strong performance [8] Industry Context - Watsco (WSO), a competitor in the air conditioning and heating industry, is expected to report earnings of $4.70 per share, marking a year-over-year increase of 6.3% [10] - Watsco's revenues are projected to be $2.13 billion, up 6.5% from the previous year, but it has a Zacks Rank of 4, indicating challenges in predicting an earnings beat [10]