Can Core Laboratories (CLB) Keep the Earnings Surprise Streak Alive?

Core Laboratories Overview - Core Laboratories (CLB) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing its solid history of performance in the Zacks Oil and Gas - Field Services industry [1][4] Earnings Performance - The company has a strong track record of exceeding earnings estimates, with an average surprise of 11.76% over the last two quarters [2] - In the last reported quarter, Core Laboratories achieved earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.21 per share, resulting in a surprise of 4.76% [3] - For the previous quarter, the company was expected to earn $0.16 per share but delivered $0.19 per share, yielding a surprise of 18.75% [3] Earnings Estimates and Predictions - Recent estimates for Core Laboratories have been trending upward, indicating positive sentiment among analysts [4] - The Zacks Earnings ESP (Expected Surprise Prediction) for the company is currently positive at +2.63%, suggesting bullish expectations for near-term earnings [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [5] Upcoming Earnings Report - Core Laboratories is expected to release its next earnings report on October 23, 2024 [7]