California Resources Averages 16% EPS Surprise with +9.28% ESP
California Resources beat consensus EPS by 20.88% in the prior quarter and 11.45% in the most recent quarter, averaging a 16.16% surprise over two periods. Its Earnings ESP stands at +9.28% with a Zacks Rank of Hold (#3), suggesting potential for a third consecutive beat when it reports on March 2, 2026.
1. EPS Surprise Streak
In the prior quarter, California Resources delivered $1.10 per share against a $0.91 estimate (20.88% surprise) and $1.46 versus $1.31 in the latest quarter (11.45% surprise), marking an average 16.16% EPS beat over two periods.
2. Positive Earnings ESP and Rank
Analysts have revised EPS forecasts higher, driving the company's Earnings ESP to +9.28%. Combined with its Zacks Rank of Hold (#3), this alignment has historically produced a roughly 70% probability of another earnings surprise.
3. Upcoming Q4 Earnings on March 2, 2026
California Resources is scheduled to release its next quarterly report on March 2, 2026. Investors will watch production volumes, cost guidance and free cash flow trends to gauge whether the company can extend its consecutive beat streak.