Why JPMorgan Chase & Co. (JPM) is Poised to Beat Earnings Estimates Again

Core Viewpoint - JPMorgan Chase & Co. has a strong track record of exceeding earnings estimates, making it a potential candidate for investors looking for consistent performance in upcoming quarterly reports [1][5]. Earnings Performance - For the most recent quarter, JPMorgan was expected to report earnings of $4.96 per share but instead reported $4.51 per share, resulting in a surprise of 9.98% [2]. - In the previous quarter, the consensus estimate was $4.62 per share, while the actual earnings were $5.07 per share, leading to a surprise of 9.74% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for JPMorgan, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for JPMorgan is +1.06%, suggesting that analysts are optimistic about its near-term earnings potential [8]. Statistical Insights - Research indicates that 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, with the Most Accurate Estimate reflecting the latest analyst revisions [7].