Investors have been looking for stocks that are expected to beat earnings season, and Edgewell Personal Care (EPC Quick Quote – ) may be one such company. The company's earnings are coming soon, and events are gearing up for their report.

That's because Edgewell Personal Care has seen favorable earnings forecast revision activity recently, which is usually a precursor to earnings beat estimates. After all, analysts raising expectations ahead of earnings – with as much up-to-date information as possible – is a good indicator of some favorable trends under the EPC surface in this report.

In fact, the most accurate estimate for the quarter is now above the broader Zacks Consensus Estimate of 42 cents per share. This suggests that analysts have recently raised their estimates for EPC, with the stock's Zacks Earnings ESP at +1.21% heading into earnings season.

Why is this important?

Positive readings of the Zacks Earnings ESP have proven to be very powerful in generating positive surprises and outperforming the market. Our most recent 10-year backtest shows that stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or higher show positive surprise nearly 70% of the time and have an average annual return of more than 28% (see more ).

Given that EPC has a Zacks Rank #2 (Buy) and ESP is in positive territory, investors may want to consider this stock ahead of earnings. You can see.

Clearly, the recent earnings forecast revisions indicate a bright future for Edgewell Personal Care and a possible breakthrough in the upcoming report.