Why Progyny (PGNY) is Poised to Beat Earnings Estimates Again

Core Insights - Progyny (PGNY) has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 10.81% [1][2] Earnings Performance - For the last reported quarter, Progyny achieved earnings of $0.42 per share, surpassing the Zacks Consensus Estimate of $0.37 per share, resulting in a surprise of 13.51% [2] - In the previous quarter, the company was expected to earn $0.37 per share but delivered $0.40 per share, yielding a surprise of 8.11% [2] Earnings Estimates and Predictions - Recent estimates for Progyny have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - The current Earnings ESP for Progyny is +2.68%, suggesting analysts are optimistic about its near-term earnings potential [8] Statistical Insights - 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, reflecting the latest analyst revisions [7]