Will CVB Financial (CVBF) Beat Estimates Again in Its Next Earnings Report?

Core Insights - CVB Financial (CVBF) is positioned to potentially continue its earnings-beat streak in the upcoming report, having a history of surpassing earnings estimates [1][5] - The average surprise for the last two quarters was 5.80%, with the most recent quarter showing earnings of $0.36 per share against an estimate of $0.34, resulting in a surprise of 5.88% [2][5] Earnings Performance - In the last reported quarter, CVB Financial achieved earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.34 per share [2] - For the previous quarter, the company reported earnings of $0.37 per share, surpassing the expected $0.35 per share, which resulted in a surprise of 5.71% [2] Earnings Estimates - There has been a favorable change in earnings estimates for CVB Financial, with a positive Earnings ESP of +5.26%, indicating bullish sentiment among analysts regarding the company's earnings prospects [5][8] - The combination of a positive Earnings ESP and a Zacks Rank 2 (Buy) suggests a high likelihood of another earnings beat in the upcoming report [8] Predictive Metrics - 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] - 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]