Should You Buy Amprius Technologies (AMPX) Ahead of Earnings?

Core Insights - Amprius Technologies, Inc. (AMPX) is anticipated to perform well in the upcoming earnings report due to favorable earnings estimate revisions [1][2] - Analysts have raised their earnings estimates for AMPX, indicating positive trends, with the Most Accurate Estimate for the current quarter at a loss of 10 cents per share, compared to the broader Zacks Consensus Estimate of a loss of 12 cents per share [1] - The Zacks Earnings ESP for AMPX stands at +13.04%, suggesting a strong potential for an earnings beat [1] Importance of Earnings ESP - A positive Zacks Earnings ESP has historically led to positive surprises and outperformance in the market, with a 10-year backtest showing nearly 70% of stocks with a positive Earnings ESP and a Zacks Rank 3 or better achieving positive surprises [2] - Stocks with a positive Earnings ESP have averaged over 28% in annual returns, making AMPX a stock to consider ahead of earnings due to its Zacks Rank 3 and positive ESP [2] - Recent earnings estimate revisions for AMPX indicate a favorable outlook, suggesting a potential earnings beat in the upcoming report [2]