Will NetApp (NTAP) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - NetApp (NTAP) is positioned to potentially continue its earnings-beat streak in the upcoming report, supported by a history of surpassing earnings estimates and a positive earnings outlook [1][3]. Earnings Performance - In the last reported quarter, NetApp achieved earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of$1.79 per share, resulting in a surprise of 4.47% [2]. - For the previous quarter, NetApp's earnings were $1.56 per share against an expected$1.46 per share, delivering a surprise of 6.85% [2]. Earnings Estimates and Predictions - Estimates for NetApp have been trending higher, influenced by its history of earnings surprises, and the stock currently has a positive Zacks Earnings ESP of +1.40%, indicating bullish sentiment among analysts [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [4][6]. Earnings ESP Explanation - 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]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [7]. Importance of Earnings ESP - It is crucial for investors to check a company's Earnings ESP before quarterly releases to enhance the chances of successful predictions regarding earnings performance [8].