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Tesla (TSLA) Dips More Than Broader Markets: What You Should Know
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Tesla (TSLA - Free Report) closed the most recent trading day at $271.78, moving -1.74% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the electric car maker had lost 2.94% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.92%, while the S&P 500 lost 3.08%.
TSLA will be looking to display strength as it nears its next earnings release, which is expected to be November 7, 2018. The company is expected to report EPS of -$0.53, up 81.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.67 billion, up 89.86% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$6.44 per share and revenue of $19.60 billion. These totals would mark changes of +25.64% and +66.72%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TSLA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TSLA is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Tesla (TSLA) Dips More Than Broader Markets: What You Should Know
Tesla (TSLA - Free Report) closed the most recent trading day at $271.78, moving -1.74% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the electric car maker had lost 2.94% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.92%, while the S&P 500 lost 3.08%.
TSLA will be looking to display strength as it nears its next earnings release, which is expected to be November 7, 2018. The company is expected to report EPS of -$0.53, up 81.85% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.67 billion, up 89.86% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$6.44 per share and revenue of $19.60 billion. These totals would mark changes of +25.64% and +66.72%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TSLA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TSLA is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.