LCI (LCII) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Insights - The upcoming earnings release for LCI is anticipated to show revenues of $1.05 billion, reflecting a year-over-year increase of 3.8% [7] - Analysts have revised their estimates downward, leading to a negative Earnings ESP of -5.47%, indicating a bearish outlook on LCI's earnings prospects [13] - The consensus EPS estimate for LCI has been revised 2.04% lower over the last 30 days, suggesting a collective reassessment by covering analysts [19] Earnings Expectations - Wall Street expects LCI to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024 [8] - The stock may experience upward movement if actual results exceed expectations, while a miss could lead to a decline [10] - LCI has beaten consensus EPS estimates in two out of the last four quarters, but the current indicators do not suggest it is a compelling earnings-beat candidate [23][24] Industry Comparisons - In the Zacks Automotive - Original Equipment industry, Ferrari is expected to report earnings of $2.14 per share, representing a year-over-year change of +7.5%, with revenues projected at $1.8 billion, up 11.9% [16] - Ferrari's consensus EPS estimate has been revised 1.2% upward over the last 30 days, but it currently has an Earnings ESP of 0.00%, indicating no expected deviation from the consensus [30] Predictive Models - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more recent and potentially more accurate [12] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [21] - The predictive power of the Earnings ESP model is significant primarily for positive readings, making it challenging to predict outcomes for stocks with negative ESP readings [26]