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Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know
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In the latest close session, Tesla (TSLA - Free Report) was down 1.24% at $418.45. This change lagged the S&P 500's 0.41% gain on the day. Elsewhere, the Dow saw an upswing of 1.73%, while the tech-heavy Nasdaq depreciated by 0.09%.
Coming into today, shares of the electric car maker had gained 6.26% in the past month. In that same time, the Auto-Tires-Trucks sector gained 6.49%, while the S&P 500 gained 4.59%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 12.5% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $24.24 billion, up 7.75% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.99 per share and revenue of $100.58 billion, which would represent changes of +19.88% and +6.06%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tesla. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.63% lower within the past month. Tesla is currently a Zacks Rank #4 (Sell).
Looking at valuation, Tesla is presently trading at a Forward P/E ratio of 212.85. This valuation marks a premium compared to its industry average Forward P/E of 19.23.
It is also worth noting that TSLA currently has a PEG ratio of 10.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 0.95 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 18% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Tesla (TSLA - Free Report) was down 1.24% at $418.45. This change lagged the S&P 500's 0.41% gain on the day. Elsewhere, the Dow saw an upswing of 1.73%, while the tech-heavy Nasdaq depreciated by 0.09%.
Coming into today, shares of the electric car maker had gained 6.26% in the past month. In that same time, the Auto-Tires-Trucks sector gained 6.49%, while the S&P 500 gained 4.59%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 12.5% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $24.24 billion, up 7.75% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.99 per share and revenue of $100.58 billion, which would represent changes of +19.88% and +6.06%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tesla. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.63% lower within the past month. Tesla is currently a Zacks Rank #4 (Sell).
Looking at valuation, Tesla is presently trading at a Forward P/E ratio of 212.85. This valuation marks a premium compared to its industry average Forward P/E of 19.23.
It is also worth noting that TSLA currently has a PEG ratio of 10.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 0.95 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 18% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.