Will Grocery Outlet (GO) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Grocery Outlet Holding Corp. is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Group 1: Earnings Performance - Grocery Outlet has a strong history of beating earnings estimates, with an average surprise of 14.35% over the last two quarters [2] - In the most recent quarter, the company reported earnings of $0.28 per share against an expectation of$0.27, resulting in a surprise of 3.70% [3] - For the previous quarter, the consensus estimate was $0.20 per share, while the actual earnings were$0.25 per share, leading to a surprise of 25% [3] Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Grocery Outlet, with a positive Zacks Earnings ESP indicating potential for another earnings beat [4][7] - The current Earnings ESP for Grocery Outlet is +1.32%, suggesting analysts have recently become more optimistic about the company's earnings prospects [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5] Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6] - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [8] - Checking a company's Earnings ESP before quarterly releases is crucial for increasing the odds of investment success [9]