The 2024 Q3 earnings season has kicked into a much higher gear, with a nice variety of companies already delivering quarterly results. The period looks to be constructive, with earnings growth expected to be positive again despite recent downward revisions that have contrasted with recent periods.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Let’s take a closer look at a few key companies – Tesla TSLA and Coca-Cola KO – that are on the reporting docket for this week.
Tesla Faces Profitability Crunch
As usual, the critical metric for Tesla that commonly dictates price swings is its EV production/delivery numbers. To the likes of investors, the company unveiled its Q3 production and delivery numbers recently; Tesla delivered roughly 463k EVs and produced nearly 470k throughout the period.
As shown below, recent EV delivery results have come in well below our consensus expectations, with Tesla falling…
