Why SSR Mining (SSRM) is Poised to Beat Earnings Estimates Again

Core Insights - SSR Mining (SSRM) has a strong history of exceeding earnings estimates and is well-positioned for future earnings beats [1][2] - The company has achieved an average earnings surprise of 192.12% over the past two quarters [2] Earnings Performance - In the most recent quarter, SSR Mining reported earnings of $0.51 per share, surpassing the expected $0.23 per share, resulting in a surprise of 121.74% [3] - For the previous quarter, the consensus estimate was $0.08 per share, while the actual earnings were $0.29 per share, leading to a surprise of 262.50% [3] Earnings Estimates and Predictions - Estimates for SSR Mining have been trending upward, supported by its history of earnings surprises [6] - The company currently has an Earnings ESP of +46.81%, indicating a bullish outlook from analysts regarding its earnings prospects [9] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat [9] Statistical Insights - 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 [7] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [8]