Will Magnolia Oil & Gas Corp (MGY) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Magnolia Oil & Gas Corp (MGY) is positioned to continue its earnings-beat streak, having a history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 9.07% [1][2] Earnings Performance - For the most recent quarter, Magnolia reported earnings of $0.52 per share against an expectation of$0.48, resulting in a surprise of 8.33%. In the previous quarter, the company reported $0.56 per share compared to a consensus estimate of$0.51, achieving a surprise of 9.80% [2] Earnings Estimates - Recent estimates for Magnolia have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially when combined with its Zacks Rank [3][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, suggesting that out of 10 such stocks, approximately 7 may beat consensus estimates [4] Earnings ESP Definition - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate than earlier predictions [5] Current Earnings ESP - Magnolia Oil & Gas Corp currently has an Earnings ESP of +0.82%, indicating bullish sentiment among analysts regarding its near-term earnings potential. The next earnings report is anticipated on February 18, 2025 [6]