Tesla, Inc. (TSLA) is expected to report its earnings soon, following a strong history of surpassing estimates. Over the last two quarters, Tesla has exceeded earnings estimates by an average of 12.50%, with the most recent report showing earnings of $0.41 per share compared to the consensus estimate of $0.36, resulting in a surprise of 13.89%. In the previous quarter, the company also beat expectations, reporting $0.50 per share against a projection of $0.45.
Current analysts’ forecasts indicate a positive earnings ESP (Expected Surprise Prediction) of +2.99%, suggesting optimistic expectations for the upcoming earnings report. The combination of this positive earnings ESP and Tesla’s Zacks Rank of #3 (Hold) suggests a strong likelihood of another earnings beat, which could maintain the company’s streak in recent financial performance.
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