Will Advanced Drainage (WMS) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Advanced Drainage Systems (WMS) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Group 1: Earnings Performance - Advanced Drainage has a strong history of beating earnings estimates, with an average surprise of 12.72% over the last two quarters [2] - In the most recent quarter, the company reported earnings of $1.97 per share, exceeding the expected $1.7 per share by 15.88% [3] - For the previous quarter, the actual earnings were $1.95 per share against an estimate of $1.78 per share, resulting in a surprise of 9.55% [3] Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Advanced Drainage, indicated by a positive Zacks Earnings ESP (Expected Surprise Prediction) [4] - 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 [5] - Advanced Drainage currently has an Earnings ESP of +0.98%, suggesting analysts are optimistic about the company's earnings prospects [7] Group 3: Importance of Earnings ESP - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [8] - Checking a company's Earnings ESP before quarterly releases is crucial for increasing the odds of success in investment decisions [9]