Analysts Estimate Perrigo (PRGO) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in Perrigo's earnings due to lower revenues, with the upcoming earnings report expected to influence stock price movements based on actual results compared to estimates [1] Earnings Expectations - Perrigo is projected to report quarterly earnings of $0.48 per share, reflecting a year-over-year decrease of 23.8% [2] - Expected revenues for the quarter are $1.13 billion, down 5.2% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.47% higher in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Perrigo is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.29%, suggesting a bearish outlook from analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a focus on the Most Accurate Estimate [3] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4] Historical Performance - In the last reported quarter, Perrigo had an earnings surprise of +20.83%, beating the expected earnings of $0.24 per share by reporting $0.29 [7] - Over the last four quarters, Perrigo has surpassed consensus EPS estimates three times [7] Overall Assessment - Despite the potential for an earnings beat, Perrigo does not appear to be a compelling candidate for a positive surprise based on current estimates and rankings [8]