Leading security software firm VASCO Data Security International Inc. VDSI is set to report first-quarter 2016 results after the market closes on Apr 28, 2016. In the last reported quarter, earnings missed the Zacks Consensus Estimate by 4 cents. However, VASCO has a solid earnings surprise history, beating estimates in three of the last four quarters with a positive average earnings surprise of 40.57%.Let’s see how things are shaping up for this announcement.Key Factors to ConsiderVASCO has been working on expanding its customer base, which in turn will have a positive impact on its revenues. VASCO is concentrating both on growing its business organically and making smart acquisitions. In the soon-to-be-reported quarter, VASCO launched its DIGIPASS 770 authenticator with Cronto-based visual authentication and transaction signing facility. The Cronto technology utilizes the encrypted high-definition color QR codes to prevent hacking and provides a high level of user convenience. The adoption of this innovative technology is likely to augment revenues and improve the bottom line.VASCO’s DIGIPASS technology for mobile banking application with the full portfolio of Cronto solutions is positioned to address every segment of its banking customers' needs. Thanks to such innovative products, VASCO is gaining traction in the market as more customers begin to implement its products.We believe the company’s results will be aided by its strong order pipeline and robust demand for software security solutions. Moreover, we expect VASCO’s strong operational efficiency to translate into higher margins and boost the bottom line.Earnings WhispersOur proven model does not conclusively show that VASCO is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) to post an earnings beat. However, this is not the case here, as you will see below.Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is at 0.00%.Zacks Rank: VASCO has a Zacks Rank #4. We believe that Sell-rated stocks (#4 and #5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.Stocks to ConsiderHere are some companies, which you may consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:Arch Capital Group Ltd. ACGL, earnings ESP of +1.77% and a Zacks Rank #2.Boyd Gaming Corporation BYD, earnings ESP of +36.00% and a Zacks Rank #1.Anixter International Inc. AXE, earnings ESP of +13.58% and a Zacks Rank #2.Want 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 >>Want 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 BOYD GAMING CP (BYD): Free Stock Analysis Report VASCO DATA SEC (VDSI): Free Stock Analysis Report ANIXTER INTL (AXE): Free Stock Analysis Report ARCH CAP GP LTD (ACGL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research