Will Camden National (CAC) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Camden National (CAC) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with a positive Earnings ESP and a strong Zacks Rank [1][3][6]. Earnings Performance - For the last reported quarter, Camden National achieved earnings of $0.94 per share, exceeding the Zacks Consensus Estimate of$0.83 per share, resulting in a surprise of 13.25% [2]. - In the previous quarter, the company was expected to earn $0.71 per share but delivered$0.81 per share, leading to a surprise of 14.08% [2]. Earnings Estimates - Recent estimates for Camden National have been increasing, indicating a bullish outlook on the company's earnings prospects [3]. - The current Earnings ESP for Camden National is +0.57%, suggesting analysts have become more optimistic about the company's upcoming earnings [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 combination of Camden National's positive Earnings ESP and Zacks Rank 1 (Strong Buy) indicates a high likelihood of another earnings beat [6]. Importance of Earnings ESP - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces predictive power [6].