Will Incyte (INCY) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Incyte (INCY) has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 13.90% [1] Earnings Performance - For the last reported quarter, Incyte achieved earnings of $1.57 per share, surpassing the Zacks Consensus Estimate of $1.39 per share, resulting in a surprise of 12.95% [2] - In the previous quarter, the company was expected to report earnings of $1.01 per share but delivered $1.16 per share, yielding a surprise of 14.85% [2] Earnings Estimates and Predictions - Recent estimates for Incyte have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5] - The Zacks Earnings ESP for Incyte is currently +11.90%, suggesting that analysts are optimistic about the company's earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat [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% success rate in beating consensus estimates [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]