Why Tyler Technologies (TYL) is Poised to Beat Earnings Estimates Again

Core Insights - Tyler Technologies (TYL) is positioned to continue its earnings-beat streak, having a history of surpassing earnings estimates, particularly in the last two reports [1][3] - The company reported earnings of $2.52 per share for the most recent quarter, exceeding the expected$2.44 per share, resulting in a surprise of 3.28% [2] - For the previous quarter, Tyler Technologies reported $2.40 per share against an expectation of$2.34 per share, achieving a surprise of 2.56% [2] Earnings Estimates and Predictions - Estimates for Tyler Technologies have been trending higher, influenced by its history of earnings surprises [3] - The stock currently has a positive Earnings ESP of +0.83%, indicating increased analyst optimism regarding its near-term earnings potential [6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Earnings ESP metric 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 does reduce predictive power [6]