Will Monolithic (MPWR) Beat Estimates Again in Its Next Earnings Report?

What happened: Monolithic Power (MPWR) is positioned to potentially extend its earnings-beat streak in its upcoming report, based on a positive Zacks Earnings ESP and a Zacks Rank #3 (Hold). Key numbers: Average surprise over the past two quarters was 7.42%. Last quarter EPS was $6.5 versus a $5.88 estimate, a 10.54% surprise. The prior quarter was $5.1 versus $4.89, a 4.29% surprise. Why it matters: The article states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, suggesting another beat is possibly ahead.

Monolithic Power (MPWR) is positioned to potentially extend its earnings-beat streak in its upcoming report, based on a positive Zacks Earnings ESP and a Zacks Rank #3 (Hold).

The article states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, suggesting another beat is possibly ahead.