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In the latest close session, Tesla (TSLA - Free Report) was up +1.91% at $434.21. The stock's change was more than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Shares of the electric car maker have appreciated by 25.31% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 17.06%, and the S&P 500's gain of 4.03%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 33.33% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $25.12 billion, indicating a 0.23% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.66 per share and a revenue of $92.65 billion, signifying shifts of -31.4% and -5.16%, respectively, from the last year.
Any recent changes to analyst estimates for Tesla should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% decrease. Tesla presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Tesla is presently being traded at a Forward P/E ratio of 257.03. For comparison, its industry has an average Forward P/E of 14.79, which means Tesla is trading at a premium to the group.
We can additionally observe that TSLA currently boasts a PEG ratio of 10.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Automotive - Domestic industry stood at 2.48 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 165, finds itself in the bottom 34% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Tesla (TSLA) Laps the Stock Market: Here's Why
In the latest close session, Tesla (TSLA - Free Report) was up +1.91% at $434.21. The stock's change was more than the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.7%.
Shares of the electric car maker have appreciated by 25.31% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 17.06%, and the S&P 500's gain of 4.03%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 33.33% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $25.12 billion, indicating a 0.23% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.66 per share and a revenue of $92.65 billion, signifying shifts of -31.4% and -5.16%, respectively, from the last year.
Any recent changes to analyst estimates for Tesla should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.35% decrease. Tesla presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Tesla is presently being traded at a Forward P/E ratio of 257.03. For comparison, its industry has an average Forward P/E of 14.79, which means Tesla is trading at a premium to the group.
We can additionally observe that TSLA currently boasts a PEG ratio of 10.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Automotive - Domestic industry stood at 2.48 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 165, finds itself in the bottom 34% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.