Core Insights - Concentra Group (CON) has consistently beaten earnings estimates, particularly in the last two quarters with an average surprise of 4.51% [1][5] - The latest earnings report showed earnings of $0.17 per share against an estimate of $0.16, resulting in a surprise of 6.25% [2] - The previous quarter also saw a positive surprise, with actual earnings of $0.37 per share compared to an estimate of $0.36, yielding a surprise of 2.78% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Concentra, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for an earnings beat [5][8] - The current Earnings ESP for Concentra is +8.56%, suggesting increased analyst optimism regarding its near-term earnings potential [8] - 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 [6][8] 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 [7] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [9] - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the likelihood of successful investment decisions [10]
Why Concentra (CON) is Poised to Beat Earnings Estimates Again