When Tesla Inc. TSLA preparing to release it fourth quarter results, Here are some insights into what to expect from the report and its implications for the Stock just taking steps towards recovery.

Q4 outlook: Analysts are expecting non-GAAP earnings per share to average $1.13 for the fourth quarter. This represents a 35% increase over the prior-year quarter’s earnings per share of $0.85 per share and a 7.6% increase over third-quarter earnings per share of $1.05.

See also: Everything you need to know about Tesla stock

Analyst expectations have softened since the beginning of the quarter, as evidenced by the 90-day reduction in the consensus estimate from $1.27 to the current $1.3.

Tesla has consistently beaten sales estimates in each of the previous four quarters.

Street’s estimate of revenue comes in at $24.16 billion, up 36.30% from the $17.72 billion reported for the same period last year. Year-over-year growth is likely to slow from the third quarter, when revenue rose 56% to $21.45 billion.

future fund‘s Gary Black expects Tesla to report fourth-quarter non-GAAP EPS of $1.16 and auto gross margin of 27.4%. The average selling price, or ASP, of a Tesla vehicle will likely be $48,100, Black estimates.

Stunning Deliveries: Tesla reported in early January Fourth quarter deliveries of 405,278 units, This represents an increase of 31% year-on-year and a sequential growth of 17.9%. This brought full-year deliveries to 1.314 million units. The 40.3% increase for the year fell short of the company’s long-term forecast of 50% growth.

The company indicated logistical challenges, but the Austin, Texas-based electric vehicle maker had to shut down Giga Shanghai Factory for about a month in the first half of the year due to COVID-19 situation in the country.

The fourth quarter saw further challenges that weighed on demand. The series of aggressive Fed rate hikes, the looming recession and the energy crisis in Europe due to the ongoing Russia-Ukraine war all served to…