Armstrong World Industries(US:AWI) Zacks Investment Researchยท2024-01-30 18:11Core Viewpoint - Armstrong World Industries (AWI) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1][2]. Earnings Performance - The company has consistently exceeded earnings estimates, with an average surprise of 14.21% over the last two quarters [1]. - In the last reported quarter, AWI achieved earnings of $1.60 per share, surpassing the Zacks Consensus Estimate of $1.30 per share by 23.08% [1]. - For the previous quarter, AWI's earnings were $1.38 per share against an expected $1.31, resulting in a surprise of 5.34% [1]. Earnings Estimates and Predictions - Recent changes in earnings estimates for AWI have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [2]. Earnings ESP Analysis - AWI currently has an Earnings ESP of +2.66%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong possibility of another earnings beat [3]. - The next earnings report for AWI is expected to be released on February 20, 2024 [3].