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Will Ameriprise (AMP) Beat Estimates Again in Its Next Earnings Report?
Ameriprise FinancialAmeriprise Financial(US:AMP) Zacks Investment Researchยท2024-04-08 17:17

Core Insights - Ameriprise Financial Services (AMP) has a strong track record of beating earnings estimates, with an average surprise of 1.18% over the last two quarters [1] - The most recent earnings report showed earnings of $7.75 per share, exceeding the Zacks Consensus Estimate of $7.67 per share by 1.04% [1] - The previous quarter also saw a positive surprise, with actual earnings of $7.68 per share against an expected $7.58 per share, resulting in a 1.32% surprise [1] Earnings Estimates - There has been a favorable change in earnings estimates for Ameriprise, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] Earnings ESP Analysis - Ameriprise currently has an Earnings ESP of +0.47%, suggesting analysts are optimistic about the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat [3] Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [3] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [3][4]