Should OSI Systems Stock Be in Your Portfolio Pre-Q1 Earnings?

OSI Systems OSIS is scheduled to release first-quarter 2025 results on Oct. 24.The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.06 per share, suggesting 16.48% growth from the figure reported in the year-ago quarter. The estimate has declined 2.8% over the past 30 days.The consensus mark for revenues is pegged at $326.71 million, indicating growth of 17.01% from the year-ago quarter's reported figure.OSI Systems has consistently surpassed earnings expectations, outperforming the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 9.56%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.OSI Systems, Inc. Price and EPS Surprise  OSI Systems, Inc. price-eps-surprise | OSI Systems, Inc. QuoteKey Factors to Drive OSIS’s Q1 ResultsOSI Systems’ Security, Optoelectronics and Manufacturing divisions reported robust top-line growth in the fourth quarter of fiscal 2024.Revenues of $481 million grew 17% year over year. This growth was driven by the robust performance of the Security division, which experienced a remarkable 27% rise in revenues. The trend is expected to have continued in the to-be-reported quarter.OSI Systems has been benefiting from ongoing growth in passenger traffic due to its strong aviation customer base. OSIS expects this positive trend to have continued in the quarter under review.Aviation bookings were particularly strong in the second half of fiscal 2024. In the fourth quarter of fiscal 2024, OSI Systems secured $52 million in orders from two international airports.OSIS had strong bookings in the fourth quarter of fiscal 2024, ending with a backlog of $1.7 billion. The backlog positions OSI Systems to generate significant revenues in the first quarter of fiscal 2025.What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the exact case here.OSIS has an Earnings ESP of -6.82% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are a few companies worth considering, as, per our model, they possess the right combination of elements to exceed earnings estimates this time around:Reddit Inc. RDDT currently has an Earnings ESP of +58.14% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Reddit shares have gained 56.3% year to date. RDDT is set to report its third-quarter 2024 results on Oct. 29.Onto Innovation ONTO has an Earnings ESP of +2.74% and a Zacks Rank #2 at present. Onto shares have gained 34.7% year to date. ONTO is set to report its third-quarter 2024 results on Oct. 31.Garmin GRMN has an Earnings ESP of +1.03% and a Zacks Rank of 2 at present.Garmin shares have gained 28.6% year to date. GRMN is set to report its third-quarter 2024 results on Oct. 30.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN): Free Stock Analysis Report OSI Systems, Inc. (OSIS): Free Stock Analysis Report Onto Innovation Inc. (ONTO): Free Stock Analysis Report Reddit Inc. (RDDT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks