Everest Group (EG) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Everest Group despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Everest Group is expected to report quarterly earnings of $15.14 per share, reflecting a year-over-year decrease of 10.2%, while revenues are projected to be $4.4 billion, an increase of 4.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.55% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +0.85% for Everest Group indicates a likelihood of beating the consensus EPS estimate, although the stock holds a Zacks Rank of 3 [11]. Historical Performance - In the last reported quarter, Everest Group's actual earnings of $6.45 per share fell short of the expected $7.46, resulting in a surprise of -13.54%. Over the last four quarters, the company has only beaten consensus EPS estimates once [12][13]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment and stock performance [14].