Will Range Resources (RRC) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Range Resources (RRC) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - Range Resources has a solid track record of surpassing earnings estimates, particularly evident in the last two quarters with an average surprise of 27.55% [2]. - In the last reported quarter, the company achieved earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of$0.35 per share, resulting in a surprise of 37.14% [3]. - For the previous quarter, Range Resources was expected to report earnings of $0.39 per share but delivered$0.46 per share, yielding a surprise of 17.95% [3]. Earnings Estimates and Predictions - Earnings estimates for Range Resources have been trending upward, influenced by its history of earnings surprises [4]. - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +2.36%, indicating increased analyst optimism regarding its near-term earnings potential [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [7]. Statistical Insights - Research indicates that 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 [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].