Why Aflac (AFL) is Poised to Beat Earnings Estimates Again

Group 1 - Aflac has consistently surpassed earnings estimates, averaging a 10.08% beat over the last two quarters [1] - In the most recent quarter, Aflac reported earnings of $1.83 per share, exceeding the expected $1.59 per share by 15.09% [1] - The previous quarter also saw Aflac beat estimates, reporting $1.66 per share against an expectation of $1.58 per share, a surprise of 5.06% [1] Group 2 - There has been a favorable change in earnings estimates for Aflac, with a positive Zacks Earnings ESP indicating a strong potential for an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2] - Aflac currently has an Earnings ESP of +8.06%, suggesting increased analyst optimism regarding its near-term earnings potential [3] Group 3 - The next earnings report for Aflac is expected to be released on October 30, 2024 [3] - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates [4] - It is important to check a company's Earnings ESP ahead of its quarterly release to improve the odds of success [4]