Atmus Filtration Technologies (ATMU) Reports Next Week: What You Should Expect

Core Viewpoint - Atmus Filtration Technologies (ATMU) is anticipated to report flat earnings compared to the previous year, with revenues expected to increase slightly, which could influence its stock price depending on actual results versus estimates [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for November 8, 2024, with a consensus EPS estimate of $0.52, indicating no change from the same quarter last year [3]. - Revenues are projected to reach $409.04 million, reflecting a 3.2% increase year-over-year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.64% higher in the last 30 days, indicating a slight positive reassessment by analysts [4]. - The Most Accurate Estimate for Atmus Filtration is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.91%, suggesting a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - Atmus Filtration currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [10]. Historical Performance - In the last reported quarter, Atmus Filtration exceeded the consensus EPS estimate by 22.41%, with actual earnings of $0.71 compared to an expected $0.58 [11]. - The company has successfully beaten consensus EPS estimates in the last four quarters [12]. Conclusion - While Atmus Filtration does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, investors should consider other factors that may influence stock performance ahead of the earnings release [15].