Will Iamgold (IAG) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Iamgold (IAG) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report, supported by a strong earnings history and positive analyst sentiment [1][3]. Earnings Performance - In the last reported quarter, Iamgold achieved earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, resulting in a surprise of 100% [2]. - In the previous quarter, the company was expected to post earnings of $0.02 per share but delivered $0.11 per share, leading to a surprise of 450% [2]. Analyst Sentiment - Recent estimates for Iamgold have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [3][6]. - The current Earnings ESP for Iamgold stands at +10.30%, reflecting a bullish outlook from analysts regarding its near-term earnings potential [6]. Predictive Metrics - 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 [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5]. Investment Considerations - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of an earnings beat for Iamgold [6]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [7].