Why Ameris Bancorp (ABCB) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Ameris Bancorp (ABCB) is well-positioned to continue its earnings-beat streak in the upcoming report, supported by a strong earnings history and positive analyst sentiment [1][2]. Earnings Performance - The company has a record of exceeding earnings estimates, with an average surprise of 2.76% over the last two quarters [1]. - For the last reported quarter, Ameris Bancorp achieved earnings of $1.17 per share, surpassing the Zacks Consensus Estimate of$1.15 per share, resulting in a surprise of 1.74% [1]. - In the previous quarter, the company reported earnings of $1.10 per share against an expected$1.06 per share, delivering a surprise of 3.77% [1]. Analyst Estimates - Recent estimates for Ameris Bancorp have been trending upward, indicating bullish sentiment among analysts [2]. - The Zacks Earnings ESP for the company is currently +6.14%, suggesting a strong likelihood of an earnings beat [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]. Upcoming Earnings Report - The next earnings report for Ameris Bancorp is expected to be released on October 24, 2024 [3].