Netflix, Tesla, General Motors and Ford are part of Zacks Earnings Preview

For Immediate ReleaseChicago, IL – October 21, 2025 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Netflix NFLX, Tesla TSLA, General Motors GM and Ford F.3 Key Takeaways from Q3 Earnings Season So FarWe get into the heart of the Q3 earnings season this week, with more than 300 companies reporting quarterly results, including 85 S&P 500 members. By the end of this week, we will have seen Q3 results from more than 28% of the index's total membership, reflecting a fairly broad and representative cross-section across different sectors.With Q3 results from more than 11% of S&P 500 members already in hand, it is hardly premature to draw positive and reassuring conclusions. While acknowledging that the sample of results at this stage is somewhat weighted towards the Finance sector, here are our three takeaways from the results thus far.First, the proportion of companies beating EPS and revenue estimates is tracking above historical averages. This is notable when combined with the fact that, unlike other post-COVID periods, Q3 estimates had actually moved up since the start of the period.Second, the revisions trend continues to remain positive. As noted earlier, estimates for Q3 had moved up since the quarter got underway, and we are seeing a similar trend at play for Q4.It will be interesting to keep track of this evolution over the next few weeks as the bulk of the Q3 results come out and management teams provide explicit or qualitative updates on business trends in their respective spaces. But we are off to a good start on this key measure of earnings outlook.Third, aggregate Q3 earnings are on track to reach a new all-time quarterly record. Combining the actual earnings for the 58 S&P 500 members that have reported already with estimates for the still-to-come index members, the aggregate total net income for the index comes to $592.5 billion, a new all-time quarterly record.Key Earnings Reports This WeekThis week's line-up of Q3 earnings releases moves beyond the Finance sector, which has dominated the reporting cycle thus far. The 85 S&P 500 members on deck to report results this week represent diverse sectors, ranging from General Motors, Ford, and Tesla in the automotive sector to Halliburton and Baker Hughes in the Energy sector to IBM, Lam Research, and Texas Instruments from the Tech sector to consumer-facing bellwethers like Netflix, Procter & Gamble, and others.Netflix will report after the market's close on Tuesday, October 21st, with the company expected to come out with $6.89 per share in earnings on $11.52 billion in revenues, representing year-over-year changes of +27.6% and +17.3%, respectively. The stock hasn't done much since the last quarterly release in mid-July, but has been a stellar performer this year, up +34.6% vs. the S&P 500 index's +14.4% gain in the year-to-date period. While estimates for Q4 and next year inched up lately, they remain for Q3 unchanged over the last three months.Netflix no longer reports subscriber additions, but the company continues to gain ground on this key metric, particularly through the lower-priced ad-supported tier. Given Netflix's sizable installed base of streaming subscribers and plans around live events and gaming, advertising revenues will increasingly become the primary growth driver.Tesla becomes the first Mag 7 member to report Q3 results after the market's close on Wednesday, October 22nd. The expectation is for Q3 earnings of $0.53 per share on $26.45 billion in revenues, representing year-over-year changes of -26.4% and +5.1%, respectively.There are multiple moving parts to the Tesla story, ranging from AI and robotaxi to the company's China business and trends on the deliveries front. The company is in the process of ramping up the production of its lowest priced vehicle, though plans for the $25K car appear to have been put on hold for now to prioritize producing the cheaper, stripped down versions of models 3 and Y. With respect to deliveries, the expectation is 467,163 for the quarter, up from 384,122 in the June quarter and 462,890 in the year-earlier period.Tesla shares have made an impressive recovery after losing ground through April, currently up +8.7% in the year-to-date period and lagging the market and legacy domestic OEM rivals General Motors and Ford, as the chart below shows.General Motors is reporting Q3 results before the market's open on Tuesday, October 21st, while Ford reports after the market's close on Thursday, October 23rd.Q3 Earnings Season ScorecardIncluding all the reports that have come out through Monday morning, we now have Q3 results from 58 S&P 500 members or 11.6% of the index's total membership. Total earnings for these companies are up +15.4% from the same period last year on +8% higher revenues, with 86.2% beating EPS estimates and 79.3% beating revenue estimates.We have shown the beats percentages comparisons earlier, so here we would instead show the revenue growth performance and the 'blended' beats percentages instead for this group of 58 index membersFor the Finance sector, we now have Q3 results for 47.7% of the sector's market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +20.4% from the same period last year on +10.9% higher revenues, with 96.2% beating EPS estimates and 88.5% beating revenue estimates.The proportion of these Finance sector companies beating both EPS and revenue estimates ('blended' beats percentage) is 88.5%. The comparison charts below show the sector's Q3 revenue growth performance across recent quarters and the sector's Q3 'blended' beats percentage.The Earnings Big PicturePlease note that the +6.4% earnings growth rate for Q3 shown above represents the blended growth rate for the quarter, which combines the actual results for the 58 companies that have reported with estimates for the still-to-come companies.In terms of S&P 500 index 'EPS,' these growth rates approximate to $256.04 for 2025 and $288.77 for 2026.For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>>Q3 Earnings Season Starts Positively: A Closer LookFree: Instant Access to Zacks' Market-Crushing StrategiesSince 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.Get all the details here >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comZacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. 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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks