Amprius Technologies (AMPX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Amprius Technologies (AMPX) is expected to report a year-over-year decline in earnings despite higher revenues, with the earnings report set for March 21, 2024 [1] Revenue and Earnings Estimates - The company is projected to post a quarterly loss of $0.12 per share, reflecting a year-over-year change of -71.4% [2] - Revenues are anticipated to reach $2.6 million, representing a significant increase of 229.1% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 4.35% higher in the last 30 days, indicating a reassessment by covering analysts [2] - The Most Accurate Estimate for Amprius is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +16.67% [5] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4] - Amprius currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [6] Historical Performance - In the last reported quarter, Amprius was expected to post a loss of $0.13 per share but actually reported a loss of $0.10, achieving a surprise of +23.08% [7] - Over the past four quarters, the company has only beaten consensus EPS estimates once [7] Conclusion - Amprius is viewed as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance ahead of the earnings release [8]