Williams-Sonoma(US:WSM) ZACKS·2024-08-12 17:11Core Viewpoint - Williams-Sonoma is positioned to potentially continue its earnings-beat streak in the upcoming report, having shown a strong history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 27.14% [1] Earnings Performance - For the last reported quarter, Williams-Sonoma achieved earnings of $2.04 per share, surpassing the Zacks Consensus Estimate of $1.39 per share by 46.76%. In the previous quarter, the company reported earnings of $2.72 per share against an expectation of $2.53 per share, resulting in a surprise of 7.51% [2] Earnings Estimates - Recent estimates for Williams-Sonoma have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat, especially when combined with its Zacks Rank [3][6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of exceeding consensus estimates [4] Earnings ESP Definition - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction of earnings [5] Current Earnings ESP - Williams-Sonoma currently has an Earnings ESP of +15.87%, indicating that analysts are optimistic about the company's earnings prospects, which, when combined with its Zacks Rank 3, suggests a potential for another earnings beat [6] Importance of Earnings ESP - While many companies may beat consensus EPS estimates, the Earnings ESP is a crucial metric to assess before quarterly releases, as it can significantly increase the odds of success in predicting stock movements [7]