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Why Amphenol (APH) Could Beat Earnings Estimates Again

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Amphenol Corporation APH, a firm in the Electronics – Connectors industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, APH has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, APH expected to post earnings of 72 cents per share, while it actually produced earnings of 81 cents per share, a beat of 12.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 79 cents per share, when it actually saw earnings of 88 cents per share instead, representing an 11.4% positive surprise.

Amphenol Corporation Price and EPS Surprise

Amphenol Corporation Price and EPS Surprise | Amphenol Corporation Quote

Thanks in part to this history, recent estimates have been moving higher for Amphenol. In fact, the Earnings ESP for APH is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for APH, as the firm currently has a Zacks Earnings ESP of +1.44%, so another beat could be around the corner.

This is particularly true when you consider that APH has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that APH could see another beat at its next report, especially if recent trends are any guide.

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