Will Orrstown (ORRF) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Orrstown Financial Services (ORRF) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1]. Group 1: Earnings Performance - Orrstown Financial Services has a track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 5.16% [2]. - In the last reported quarter, the company achieved earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $0.99 per share, resulting in a surprise of 5.05% [3]. - For the previous quarter, Orrstown was expected to report earnings of $0.95 per share but delivered $1 per share, yielding a surprise of 5.26% [3]. Group 2: Earnings Estimates and Predictions - Earnings estimates for Orrstown have been trending upward, influenced by its history of earnings surprises [6]. - The stock currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +2.83%, indicating increased analyst optimism regarding its near-term earnings potential [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [9]. Group 3: Earnings ESP Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 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, with the Most Accurate Estimate reflecting the latest analyst revisions [8]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the likelihood of successful investment decisions [11].