Will Biogen Inc. (BIIB) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Biogen Inc. has a strong track record of beating earnings estimates, with an average surprise of 7.95% over the last two quarters [1] - The most recent earnings report showed a surprise of 9.27%, with actual earnings of $4.36 per share compared to an expectation of $3.99 per share [1] - The previous quarter also exceeded expectations, reporting $4.02 per share against a consensus estimate of $3.77 per share, resulting in a surprise of 6.63% [1] Earnings Estimates and Predictions - Estimates for Biogen Inc. have been trending higher, influenced by its history of earnings surprises [2] - The stock has a positive Zacks Earnings ESP of +2.67%, indicating recent bullish sentiment among analysts regarding the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing nearly 70% success in similar scenarios [2][3] Upcoming Earnings Report - Biogen Inc. is expected to release its next earnings report on February 13, 2024 [3]