Published on 1 Aug 2023 on Zacks via Yahoo Finance

Is a Surprise Coming for AmerisourceBergen (ABC) This Earnings Season?

Investors are always looking for stocks that are poised to beat at earnings season and AmerisourceBergen Corporation ABC may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because AmerisourceBergen is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABC in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at $2.85 per share for ABC, compared to a broader Zacks Consensus Estimate of $2.83 per share. This suggests that analysts have very recently bumped up their estimates for ABC, giving the stock a Zacks Earnings ESP of +0.59% heading into earnings season.