Will Air Products and Chemicals (APD) Beat Estimates Again in Its Next Earnings Report?
π Air Products and Chemicals (APD) has an average earnings surprise of 4.10% over the past two quarters.
π° The company reported $3.47 per share in the most recent quarter, beating the $3.36 consensus estimate by 3.27%.
π In the previous quarter, APD delivered $3.20 per share, surpassing the $3.05 estimate by 4.92%.
π Analysts have increased their earnings estimates for APD, resulting in a positive Earnings ESP of +0.79%.
π The stock currently carries a Zacks Rank of #2 (Buy), indicating strong analyst confidence.
π Historical data suggests that stocks with a positive Earnings ESP and a Zacks Rank of #3 or better beat estimates nearly 70% of the time.
- Air Products and Chemicals has a proven history of beating earnings estimates, with an average surprise of 4.10% over the last two quarters.
- The company recently reported earnings of $3.47 per share, exceeding analyst expectations of $3.36 by 3.27%.
- Analysts have revised their estimates upward for APD, reflected in a positive Earnings ESP of +0.79%.
- The stock holds a Zacks Rank of #2 (Buy), which historically correlates with a high probability of future earnings beats.