Looking for a stock that might be in a good position to beat earnings at its next report? Consider Cognex Corporation (CGNX Quick QuoteCGNX - Free Report) , a firm in the Technology 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, CGNX has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, CGNX expected to post earnings of 17 cents per share, while it actually produced earnings of 22 cents per share, a beat of 29.4%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 11 cents per share, while it actually produced earnings of 17 cents per share instead, a beat of 54.6%.

Thanks in part to this history, recent estimates have been moving higher for Cognex. In fact, the Earnings ESP for CGNX 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 CGNX, as the firm currently has a Zacks Earnings ESP of 2.27%, so another beat could be around the corner.

This is particularly true when you consider that CGNX has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And 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 thatCGNX could see another beat at its next report, especially if recent trends are any guide.

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