Why Alcon (ALC) Might Surprise This Earnings Season

Earnings Estimate Revisions - Alcon Inc (ALC) is seeing favorable earnings estimate revisions, which is a precursor to a potential earnings beat [1] - The Most Accurate Estimate for the current quarter is 74 cents per share, compared to the Zacks Consensus Estimate of 72 cents per share [1] - This results in a Zacks Earnings ESP of +2.57% for ALC heading into earnings season [1] Importance of Positive Earnings ESP - A positive Zacks Earnings ESP has historically been powerful in producing positive surprises and outperforming the market [2] - Stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better show a positive surprise nearly 70% of the time [2] - These stocks have returned over 28% on average in annual returns [2] Alcon's Position - ALC has a Zacks Rank 2 (Buy) and a positive Earnings ESP, making it a potential candidate for consideration ahead of earnings [2] - Recent earnings estimate revisions suggest positive prospects for Alcon and a potential earnings beat in the upcoming report [2]