Will Maxeon Solar Technologies, Ltd. (MAXN) Report Negative Q3 Earnings?

Core Viewpoint - Maxeon Solar Technologies, Ltd. (MAXN) is anticipated to report a year-over-year increase in earnings despite lower revenues for the quarter ended September 2024, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The company is expected to post a quarterly loss of $11.50 per share, reflecting a year-over-year change of +94.8$94.6 million, down 58.4% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 25% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Maxeon is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -56.52%, indicating a bearish outlook from analysts [10]. Historical Performance - In the last reported quarter, the company was expected to post a loss of $112 per share but instead reported earnings of$3, achieving a surprise of +102.68%. However, over the last four quarters, it has only beaten consensus EPS estimates once [11][12]. Conclusion - Maxeon Solar Technologies does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [15].