Will Atlassian (TEAM) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Atlassian has a strong track record of beating earnings estimates, with an average surprise of 20.19% over the last two quarters [1] - The company reported earnings of $0.73 per share for the last quarter, exceeding the Zacks Consensus Estimate of $0.62 per share by 17.74% [1] - The positive trend in earnings estimates for Atlassian is supported by its Earnings ESP of +4.31%, indicating bullish sentiment among analysts [3] Earnings Performance - In the previous quarter, Atlassian's earnings were $0.65 per share against an expected $0.53, resulting in a surprise of 22.64% [1] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of future earnings beats, with nearly 70% success rate for stocks with this profile [2] Earnings ESP Analysis - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A positive Earnings ESP indicates that analysts are optimistic about the company's earnings prospects, which could lead to another earnings beat [3] - The next earnings report for Atlassian is anticipated to be released on April 25, 2024 [3]