Will The PNC Financial Services Group (PNC) Beat Estimates Again in Its Next Earnings Report?

Earnings Performance - The PNC Financial Services Group has consistently beaten earnings estimates, with an average surprise of 9.45% over the last two quarters [1] - For the last reported quarter, the company posted earnings of $3.16 per share, beating the Zacks Consensus Estimate of$2.99 per share by 5.69% [1] - In the previous quarter, the company delivered earnings of $3.60 per share, surpassing the expected$3.18 per share by 13.21% [1] Earnings ESP and Zacks Rank - The company currently has a positive Zacks Earnings ESP of +3.93%, indicating bullish sentiment among analysts [3] - Stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better have a 70% chance of beating consensus estimates [2] - The combination of a positive Earnings ESP and a solid Zacks Rank suggests a high likelihood of another earnings beat in the upcoming report [3] Analyst Estimates and Predictive Power - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the former reflecting the latest analyst revisions [3] - A negative Earnings ESP does not necessarily predict an earnings miss but reduces the predictive power of the metric [4] - While many companies beat EPS estimates, this alone may not drive stock price movements, emphasizing the importance of checking Earnings ESP before earnings releases [4]