Why ChampionX (CHX) Could Beat Earnings Estimates Again

Core Insights - ChampionX (CHX) has consistently surpassed earnings estimates, making it a strong candidate for potential investment opportunities in the Zacks Engineering - R and D Services industry [1][2] - The company has achieved an average earnings surprise of 15.98% over the last two quarters, indicating robust performance [1] Earnings Performance - For the last reported quarter, ChampionX reported earnings of $0.50 per share, exceeding the Zacks Consensus Estimate of $0.41 per share by 21.95% [2] - In the previous quarter, the company posted earnings of $0.44 per share against an expected $0.40 per share, resulting in a surprise of 10% [2] Earnings Estimates and Predictions - Recent estimates for ChampionX have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - The current Earnings ESP for ChampionX stands at +11.11%, reflecting increased analyst optimism regarding the company's earnings prospects [8] Zacks Rank and Success Rate - ChampionX holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, suggests a high probability of another earnings beat [8] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6]