Can Expand Energy (EXE) Keep the Earnings Surprise Streak Alive?

Core Viewpoint - Expand Energy (EXE) is positioned to potentially continue its earnings-beat streak, supported by a history of surpassing earnings estimates and a positive Earnings ESP [1][5]. Earnings Performance - For the most recent quarter, Expand Energy reported earnings of $1.85 per share, missing the expected $2.02 per share by 9.19%. In the previous quarter, it exceeded expectations by reporting $0.55 per share against a consensus estimate of $0.53 per share, resulting in a surprise of 3.77% [2]. Earnings Estimates and Predictions - Estimates for Expand Energy have been trending higher due to its earnings surprise history. The stock currently has a positive Earnings ESP of +0.43%, indicating bullish sentiment among analysts regarding its earnings prospects [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [6][8]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions. This metric is crucial for predicting earnings performance ahead of quarterly releases [7][10].