Will Cisco (CSCO) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Cisco Systems (CSCO) is well-positioned to maintain its earnings-beat streak in the upcoming report, supported by a history of exceeding earnings estimates and a positive earnings outlook [1][5]. Earnings Performance - For the last reported quarter, Cisco achieved earnings of $0.94 per share, surpassing the Zacks Consensus Estimate of $0.91 per share, resulting in a surprise of 3.30% [2]. - In the previous quarter, Cisco was expected to report earnings of $0.87 per share but delivered $0.91 per share, leading to a surprise of 4.60% [2]. Earnings Estimates and Predictions - Recent favorable changes in earnings estimates for Cisco have been noted, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Cisco is +0.82%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - Cisco holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with historical data showing nearly 70% success in such cases [6][8]. - 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].