Will InterDigital (IDCC) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - InterDigital (IDCC) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report [1]. Group 1: Earnings Performance - InterDigital has a strong history of exceeding earnings estimates, with an average surprise of 316.02% over the last two quarters [2]. - In the last reported quarter, InterDigital achieved earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $0.76 per share by 114.47% [3]. - For the previous quarter, the company reported earnings of $4.57 per share against an expected $0.74 per share, resulting in a surprise of 517.57% [3]. Group 2: Earnings Estimates and Predictions - Recent earnings estimates for InterDigital have been revised upward, indicating positive sentiment among analysts [4]. - The Zacks Earnings ESP for InterDigital is currently +3.21%, suggesting bullish expectations for near-term earnings [7]. - 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]. Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6]. - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat for InterDigital [7]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [8].