Axos Financial (AX) Reports Next Week: Wall Street Expects Earnings Growth

Company Overview - Axos Financial (AX) is expected to report a year-over-year increase in earnings, with a consensus estimate of $1.39 per share, reflecting a change of +0.7% [2] - Revenues are anticipated to be $247.07 million, which is an increase of 8.3% from the previous year [2] Earnings Expectations - The earnings report is scheduled for January 30, 2024, and actual results will significantly influence the stock price [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [2] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Axos Financial is lower than the consensus estimate, resulting in an Earnings ESP of -0.94% [5] - A negative Earnings ESP reading suggests a lower likelihood of an earnings beat, especially when combined with a Zacks Rank of 2 (Buy) [6][5] Historical Performance - In the last reported quarter, Axos Financial exceeded the consensus EPS estimate of $1.35 by delivering earnings of $1.41, resulting in a surprise of +4.44% [7] - The company has beaten consensus EPS estimates in the last four quarters [7] Industry Context - In comparison, American Express (AXP) is expected to post earnings of $2.65 per share for the same quarter, indicating a year-over-year change of +28% and revenues of $16.03 billion, up 13.1% [9] - American Express also has a negative Earnings ESP of -0.86%, making it difficult to predict an earnings beat despite a Zacks Rank of 2 [9]