Why Papa John's (PZZA) is Poised to Beat Earnings Estimates Again

Core Insights - Papa John's has consistently beaten earnings estimates, with an average surprise of 17.56% over the last two quarters [1][2] - The company reported earnings of $0.61 per share for the most recent quarter, exceeding the expected$0.51, resulting in a surprise of 19.61% [2] - Recent estimates for Papa John's have been increasing, indicating a positive outlook for future earnings [3][6] Earnings Performance - For the previous quarter, Papa John's reported $0.67 per share against an expected$0.58, achieving a surprise of 15.52% [2] - The Zacks Earnings ESP for Papa John's is currently +3.41%, suggesting analysts are optimistic about 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 Most Accurate Estimate, part of the Earnings ESP, reflects the latest analyst revisions, which may be more accurate than earlier consensus estimates [5] Upcoming Events - Papa John's next earnings report is anticipated to be released on November 7, 2024 [6]