Why Pacira (PCRX) Could Beat Earnings Estimates Again

Core Viewpoint - Pacira (PCRX) is positioned well to continue its trend of beating earnings estimates, supported by a solid history of performance and favorable earnings estimates [1][3]. Earnings Performance - In the most recent quarter, Pacira reported earnings of $0.79 per share, exceeding the expected $0.72 per share, resulting in a surprise of 9.72% [2]. - For the previous quarter, Pacira's earnings were $0.89 per share against an expectation of $0.73 per share, leading to a surprise of 21.92% [2]. Earnings Estimates - There has been a positive shift in earnings estimates for Pacira, with a current Earnings ESP (Expected Surprise Prediction) of +3.55%, indicating increased analyst optimism regarding its near-term earnings potential [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6]. Predictive Metrics - 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]. - 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].