Will Carvana (CVNA) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Carvana (CVNA) is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates by an average of 58.85% in the last two quarters [1][2] Earnings Performance - In the last reported quarter, Carvana achieved earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.1 per share by 16.36% [2] - In the previous quarter, Carvana's earnings were $1.51 per share against an expected $0.75 per share, resulting in a surprise of 101.33% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Carvana, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - The current Earnings ESP for Carvana is +12.34%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8] Zacks Rank and Success Rate - Carvana holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high probability of another earnings beat [8] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6]