Will Par Petroleum (PARR) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Par Petroleum (PARR) is positioned to continue its earnings-beat streak, having shown significant surprises in its recent earnings reports, particularly in the oil and gas refining and marketing industry [1]. Earnings Performance - For the most recent quarter, Par Petroleum reported earnings of $5.95 per share, exceeding the expected $1.98 per share, resulting in a surprise of 200.51% [2]. - In the previous quarter, the company reported $1.54 per share against an expectation of $0.74 per share, leading to a surprise of 108.11% [2]. Earnings Estimates and Predictions - Recent estimates for Par Petroleum have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [5]. - The Zacks Earnings ESP for Par Petroleum is currently +0.42%, suggesting that analysts are optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - Par Petroleum holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with historical data showing nearly 70% success in such cases [6][8].