California Resources (US:CRC) ZACKSยท2025-10-13 17:11Core Insights - California Resources Corporation (CRC) is well-positioned to continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a history of beating earnings estimates, with an average surprise of 24.90% over the last two quarters [1] Earnings Performance - For the most recent quarter, California Resources reported earnings of $1.1 per share, exceeding the expected $0.91 per share, resulting in a surprise of 20.88% [2] - In the previous quarter, the company reported $1.07 per share against an expectation of $0.83 per share, achieving a surprise of 28.92% [2] Earnings Estimates and Predictions - Estimates for California Resources have been trending higher, influenced by its history of earnings surprises [5] - The company currently has a positive Earnings ESP of +3.87%, indicating bullish sentiment among analysts regarding its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat in the upcoming report [8] Earnings ESP Insights - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]