Can Steris (STE) Keep the Earnings Surprise Streak Alive?

Core Insights - Steris has consistently surpassed earnings estimates, making it a strong candidate for future earnings beats [1][2][3] Earnings Performance - In the last reported quarter, Steris achieved earnings of $2.14 per share, exceeding the Zacks Consensus Estimate of$2.11 per share by 1.42% [2] - In the previous quarter, the company reported earnings of $2.03 per share against an expectation of$2.01 per share, resulting in a surprise of 1% [2] Earnings Estimates - There has been a favorable change in earnings estimates for Steris, with a positive Earnings ESP of +0.57%, indicating bullish sentiment among analysts [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5]