Looking for a stock that might be in a good position to beat earnings at its next report? Consider The Children's Place, Inc. (PLCE Quick QuotePLCE - Free Report) , a firm in the Retail - Apparel and Shoes 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, PLCE has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, PLCE expected to post $1.59 per share, while it actually produced $1.88 per share, a beat of 18.2%. Meanwhile, for the most recent quarter, the company looked to deliver $1.65 per share, when it actually saw $1.95 per share instead, representing an 18.2% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Children's Place. In fact, the Earnings ESP for PLCE 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 PLCE, as the firm currently has a Zacks Earnings ESP of 1.35%, so another beat could be around the corner.

This is particularly true when you consider that PLCE has a great Zacks Rank #1 (Strong 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 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 PLCE could see another beat at its next report, especially if recent trends are any guide.

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