Will Progyny (PGNY) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Progyny (PGNY) is well-positioned to continue its earnings-beat streak in the upcoming report, having a history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 13.78% [1][3]. Earnings Performance - In the last reported quarter, Progyny achieved earnings of $0.40 per share, surpassing the Zacks Consensus Estimate of$0.37 per share, resulting in a surprise of 8.11% [2]. - In the previous quarter, the company was expected to post earnings of $0.36 per share but delivered$0.43 per share, yielding a surprise of 19.44% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Progyny, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [3][6]. - 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]. Earnings ESP Metric - The current Earnings ESP for Progyny is +0.56%, suggesting analysts are optimistic about its near-term earnings potential [6]. - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [6]. Importance of Earnings ESP - Many companies beat consensus EPS estimates, but this is not the sole reason for share price gains; some stocks may remain stable even if they miss estimates [7]. - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [7].