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Tesla (TSLA) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Tesla (TSLA - Free Report) closed at $291.51, marking a +1.36% move from the previous day. This change outpaced the S&P 500's 0.14% gain on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq gained 0.68%.
Coming into today, shares of the electric car maker had lost 11.81% in the past month. In that same time, the Auto-Tires-Trucks sector gained 8.39%, while the S&P 500 gained 9.43%.
Investors will be hoping for strength from TSLA as it approaches its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect TSLA to post earnings of $2.06 per share. This would mark year-over-year growth of 167.76%. Meanwhile, our latest consensus estimate is calling for revenue of $7.01 billion, up 113.29% from the prior-year quarter.
Any recent changes to analyst estimates for TSLA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TSLA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, TSLA is holding a Forward P/E ratio of 53.34. Its industry sports an average Forward P/E of 10.03, so we one might conclude that TSLA is trading at a premium comparatively.
It is also worth noting that TSLA currently has a PEG ratio of 1.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.24 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Tesla (TSLA - Free Report) closed at $291.51, marking a +1.36% move from the previous day. This change outpaced the S&P 500's 0.14% gain on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq gained 0.68%.
Coming into today, shares of the electric car maker had lost 11.81% in the past month. In that same time, the Auto-Tires-Trucks sector gained 8.39%, while the S&P 500 gained 9.43%.
Investors will be hoping for strength from TSLA as it approaches its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect TSLA to post earnings of $2.06 per share. This would mark year-over-year growth of 167.76%. Meanwhile, our latest consensus estimate is calling for revenue of $7.01 billion, up 113.29% from the prior-year quarter.
Any recent changes to analyst estimates for TSLA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TSLA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, TSLA is holding a Forward P/E ratio of 53.34. Its industry sports an average Forward P/E of 10.03, so we one might conclude that TSLA is trading at a premium comparatively.
It is also worth noting that TSLA currently has a PEG ratio of 1.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.24 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.