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Is a Surprise Coming for Avantor (AVTR) This Earnings Season?
AvantorAvantor(US:AVTR) Zacks Investment Researchยท2024-04-25 17:55

Core Viewpoint - Avantor Inc (AVTR) is positioned favorably ahead of its upcoming earnings report, with positive earnings estimate revisions indicating potential for an earnings beat [1][2] Earnings Estimates - The Most Accurate Estimate for Avantor's current quarter is 21 cents per share, surpassing the broader Zacks Consensus Estimate of 20 cents per share, reflecting recent upward revisions by analysts [1] - Avantor has a Zacks Earnings ESP of +1.70%, suggesting a positive outlook as it approaches earnings season [1] Historical Performance - A positive Zacks Earnings ESP has historically led to positive surprises and market outperformance, with a 10-year backtest showing that stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better achieve positive surprises nearly 70% of the time and average annual returns of over 28% [2] - Given Avantor's Zacks Rank 3 and positive ESP, it is recommended for investors to consider this stock ahead of its earnings report [2]