Is a Surprise Coming for Armstrong World (AWI) This Earnings Season?

Core Insights - Armstrong World Industries, Inc. (AWI) is expected to report earnings soon, with favorable conditions indicating a potential earnings beat [1] - Recent earnings estimate revisions have been positive, suggesting underlying favorable trends for AWI [1] - The Most Accurate Estimate for AWI's current quarter is $1.06 per share, higher than the Zacks Consensus Estimate of $1.03 per share, resulting in a Zacks Earnings ESP of +2.66% [1] Importance of Earnings ESP - A positive Zacks Earnings ESP is associated with a high likelihood of positive earnings surprises and market outperformance [2] - Historical data indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have shown a positive surprise nearly 70% of the time and average annual returns exceeding 28% [2] - AWI holds a Zacks Rank of 2 (Buy) and a positive Earnings ESP, making it a stock worth considering ahead of its earnings report [2]