Why Armstrong World Industries (AWI) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Armstrong World Industries (AWI) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1][6]. Group 1: Earnings Performance - Armstrong World Industries has consistently exceeded earnings estimates, averaging a 6.46% beat over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $1.50 per share, surpassing the Zacks Consensus Estimate of $1.37 per share by 9.49% [3]. - For the previous quarter, the company reported earnings of $1.81 per share against an expectation of $1.75 per share, resulting in a surprise of 3.43% [3]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Armstrong World Industries have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [6][9]. - The current Earnings ESP for the company stands at +4.04%, reflecting increased analyst optimism regarding its near-term earnings potential [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings surprise, with historical data indicating that nearly 70% of stocks with this combination beat consensus estimates [7][9].