Mobileye Global (MBLY) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Mobileye Global, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Mobileye is expected to report quarterly earnings of $0.10 per share, reflecting an 11.1% increase year-over-year, with revenues projected at $504.72 million, a 15% rise from the previous year [3]. - The earnings report is scheduled for July 24, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised 25% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Mobileye is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +25.37%, suggesting a bullish outlook on earnings [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Mobileye currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Mobileye met the expected earnings of $0.08 per share, resulting in no surprise [13]. - Over the past four quarters, Mobileye has beaten consensus EPS estimates three times, indicating a generally favorable performance trend [14]. Conclusion - While Mobileye is positioned as a strong candidate for an earnings beat, investors should consider other factors that may influence stock performance beyond just earnings results [15][17].