Why GoDaddy (GDDY) is Poised to Beat Earnings Estimates Again

Core Insights - GoDaddy (GDDY) is positioned to potentially 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 4.20% [1][3] Earnings Performance - In the last reported quarter, GoDaddy achieved earnings of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.25 per share, resulting in a surprise of 5.60% [2] - In the previous quarter, the company was expected to report earnings of $1.07 per share but delivered $1.10 per share, yielding a surprise of 2.80% [2] Earnings Estimates - Recent estimates for GoDaddy have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6] - The current Earnings ESP for GoDaddy stands at +7.44%, reflecting increased analyst optimism regarding the company's earnings prospects [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of beating consensus estimates [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5]