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Get prepared with the key expectations.\n\nArticle Content:\n\nASH Quick QuoteASH\nWall Street expects a year-over-year increase in earnings on higher revenues when Ashland (ASH Quick QuoteASH - Free Report) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.\nThe stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 26. On the other hand, if they miss, the stock may move lower.\nWhile the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.\nZacks Consensus Estimate\nThis chemical company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +25.7%.\nRevenues are expected to be $603.77 million, up 1% from the year-ago quarter.\nEstimate Revisions Trend\nThe consensus EPS estimate for the quarter has been revised 0.29% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.\nInvestors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.\nPrice, Consensus and EPS Surprise\nEarnings Whisper\nEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.\nThe Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.\nThus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.\nA positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.\nPlease note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).\nHow Have the Numbers Shaped Up for Ashland?\nFor Ashland, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +13.64%.\nOn the other hand, the stock currently carries a Zacks Rank of #2.\nSo, this combination indicates that Ashland will most likely beat the consensus EPS estimate.\nDoes Earnings Surprise History Hold Any Clue?\nAnalysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.\nFor the last reported quarter, it was expected that Ashland would post earnings of $0.87 per share when it actually produced earnings of $0.88, delivering a surprise of +1.15%.\nOver the last four quarters, the company has beaten consensus EPS estimates just once.\nBottom Line\nAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.\nThat said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.\nAshland appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nAshland Inc. (ASH) - free report >>\nOur experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.\nRecent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. See our report's 7 new picks today, absolutely FREE.\nThis page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.\nAt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. These returns cover a period from January 1, 1988 through October 2, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.\n\nSource: Zacks Investment Research\n", "timestamp_ms": 1650394859000, "published_utc": "2022-04-19T19:00:59Z", "article_url": "https://www.zacks.com/stock/news/1902505/ashland-ash-earnings-expected-to-grow-what-to-know-ahead-of-next-weeks-release", "label_type": [ "[2][c] Stock Recommendations", "[1][c] Company-Specific News" ], "label_time": [ "[3][a] Short-Term Outlook (Next 3\u20136 months)", "[2][b] Recent Trends (Past Few Weeks \u2013 Ongoing)" ], "label_sentiment": [ "[1][a] Bullish" ] }, "trend": { "input_percentage_change": 5.009032307062793, "input_bin_label": ">+4%", "output_percentage_change": -2.7989586703020675, "output_bin_label": "-2% ~ -4%", "overall_percentage_change": 6.966694772344013, "overall_bin_label": ">+4%" }, "technical": { "in_sma_10": [ 94.88, 94.75, 94.65333333333332, 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