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Tesla (TSLA) Stock Drops Despite Market Gains: Important Facts to Note
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Tesla (TSLA - Free Report) closed the most recent trading day at $346.65, moving -1.75% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.1%.
The stock of electric car maker has fallen by 11.5% in the past month, lagging the Auto-Tires-Trucks sector's loss of 7.25% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings report is expected on April 22, 2026. It is anticipated that the company will report an EPS of $0.39, marking a 44.44% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.5 billion, up 16.35% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and a revenue of $102.77 billion, representing changes of +25.3% and +8.37%, respectively, from the prior year.
Any recent changes to analyst estimates for Tesla 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Tesla holds a Zacks Rank of #3 (Hold).
In terms of valuation, Tesla is currently trading at a Forward P/E ratio of 169.88. This denotes a premium relative to the industry average Forward P/E of 13.31.
One should further note that TSLA currently holds a PEG ratio of 7.22. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.99.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 190, finds itself in the bottom 23% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Tesla (TSLA) Stock Drops Despite Market Gains: Important Facts to Note
Tesla (TSLA - Free Report) closed the most recent trading day at $346.65, moving -1.75% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.1%.
The stock of electric car maker has fallen by 11.5% in the past month, lagging the Auto-Tires-Trucks sector's loss of 7.25% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings report is expected on April 22, 2026. It is anticipated that the company will report an EPS of $0.39, marking a 44.44% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.5 billion, up 16.35% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and a revenue of $102.77 billion, representing changes of +25.3% and +8.37%, respectively, from the prior year.
Any recent changes to analyst estimates for Tesla 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Tesla holds a Zacks Rank of #3 (Hold).
In terms of valuation, Tesla is currently trading at a Forward P/E ratio of 169.88. This denotes a premium relative to the industry average Forward P/E of 13.31.
One should further note that TSLA currently holds a PEG ratio of 7.22. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.99.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 190, finds itself in the bottom 23% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.