NV5 Global (NVEE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - NV5 Global (NVEE) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the earnings report set to be released on October 30, 2024 [1][2] Group 1: Earnings Expectations - The consensus estimate for NV5's quarterly earnings is $0.45 per share, reflecting an 18.4% increase year-over-year [2] - Revenues are anticipated to reach $250.5 million, which is a 4.7% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.32% higher in the last 30 days, indicating a positive reassessment by analysts [3] - NV5's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +18.44%, suggesting a bullish outlook from analysts [6] Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - NV5 currently holds a Zacks Rank of 3, which, combined with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [6] Group 4: Historical Performance - In the last reported quarter, NV5 met the expected earnings of $0.31 per share, resulting in no surprise [7] - Over the past four quarters, NV5 has only beaten consensus EPS estimates once [7] Group 5: Market Reaction Considerations - An earnings beat or miss may not solely dictate stock price movement, as other factors can influence investor sentiment [8] - Despite the potential for an earnings beat, it is essential to consider additional factors before making investment decisions regarding NV5 [8]