Is a Surprise Coming for argenx (ARGX) This Earnings Season?

Core Viewpoint - Argenx SE (ARGX) is positioned favorably ahead of its upcoming earnings report, with analysts revising earnings estimates upward, indicating potential for an earnings beat [1][2] Earnings Estimates - The Most Accurate Estimate for the current quarter is a loss of 83 cents per share, significantly better than the broader Zacks Consensus Estimate of a loss of $1.23 per share, suggesting positive revisions from analysts [1] - The Zacks Earnings ESP for ARGX stands at +32.48%, indicating strong potential for positive earnings surprises [1] Historical Performance - A positive Zacks Earnings ESP has historically led to positive surprises and outperformance in the market, with a 10-year backtest showing that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of delivering a positive surprise and average annual returns exceeding 28% [2] - Given that ARGX holds a Zacks Rank of 3, it is recommended for investors to consider this stock ahead of the earnings report [2]