Acco Brands (ACCO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates Acco Brands (ACCO) to report a year-over-year increase in earnings despite a decline in revenues for the quarter ended December 2023, with the actual results being crucial for stock price movement [1] Earnings Expectations - Acco is expected to post quarterly earnings of $0.33 per share, reflecting a year-over-year increase of +3.1% [2] - Revenues are projected to be $476.38 million, which is a decrease of 4.6% compared to the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 11.11% over the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Acco is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +4.08%, suggesting a bullish outlook from analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4] - Acco currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [5][6] Historical Performance - In the last reported quarter, Acco exceeded the expected earnings of $0.23 per share by delivering $0.24, resulting in a surprise of +4.35% [7] - Over the past four quarters, Acco has beaten consensus EPS estimates three times [7] Conclusion - While an earnings beat may not solely dictate stock movement, the combination of a positive Earnings ESP and a solid Zacks Rank increases the probability of success for investors considering Acco ahead of its earnings release [8]