Will Sound Point Meridian Capital, Inc. (SPMC) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Sound Point Meridian Capital, Inc. (SPMC) has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 26.94% [1][5] - The company reported earnings of $0.62 per share for the most recent quarter, surpassing the expected $0.51 per share by 21.57%, and previously reported $0.86 per share against an estimate of $0.65 per share, resulting in a surprise of 32.31% [2] Earnings Performance - The positive earnings surprise history has led to an upward trend in earnings estimates for Sound Point Meridian Capital, indicating bullish sentiment among analysts [5] - The company currently has an Earnings ESP (Expected Surprise Prediction) of +3.33%, suggesting potential for another earnings beat in the upcoming report [8] Zacks Rank and Predictive Power - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of a positive earnings surprise, with historical data showing that nearly 70% of stocks with this combination beat consensus estimates [6][8] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions which may provide more accurate predictions [7]