Will Ameris Bancorp (ABCB) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Ameris Bancorp (ABCB) has a strong track record of exceeding earnings estimates and is well-positioned for future earnings growth, particularly with an average surprise of 12.26% over the last two quarters [1][5]. Earnings Performance - For the last reported quarter, Ameris Bancorp achieved earnings of $1.38 per share, surpassing the Zacks Consensus Estimate of$1.20 per share by 15% [2]. - In the previous quarter, the company also exceeded expectations, reporting earnings of $1.38 per share against an estimate of$1.26 per share, resulting in a surprise of 9.52% [2]. Earnings Estimates and Predictions - Estimates for Ameris Bancorp have been trending upward, supported by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +7.83%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].