Permian Resources (PR) ZACKS·2025-01-27 18:16Core Viewpoint - Permian Resources is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1][6]. Earnings Performance - The company has a solid track record of surpassing earnings estimates, with an average surprise of 8.85% over the last two quarters [2]. - In the most recent quarter, Permian Resources reported earnings of 0.32, resulting in a surprise of 9.38% [2]. - For the previous quarter, the consensus estimate was 0.39 per share, leading to a surprise of 8.33% [2]. Earnings Estimates and Predictions - Estimates for Permian Resources have been trending upward, influenced by its history of earnings surprises [3]. - The stock currently has a positive Zacks Earnings ESP of +2.96%, 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 high likelihood of another earnings beat [6]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better achieve a positive surprise nearly 70% of the time [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can diminish its predictive power, but does not necessarily indicate a miss [7]. - It is essential to check a company's Earnings ESP prior to its quarterly release to enhance the chances of successful investment decisions [8].