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What Analyst Projections for Key Metrics Reveal About Tesla (TSLA) Q3 Earnings
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Wall Street analysts forecast that Tesla (TSLA - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year decline of 14%. It is anticipated that revenues will amount to $27.79 billion, exhibiting a decrease of 1.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 9.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Tesla metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- Automotive sales' should come in at $19.89 billion. The estimate indicates a change of -2.3% from the prior-year quarter.
Analysts forecast 'Revenues- Energy generation and storage' to reach $3.77 billion. The estimate indicates a year-over-year change of +10.5%.
The consensus estimate for 'Revenues- Services and other' stands at $4.33 billion. The estimate points to a change of +24.7% from the year-ago quarter.
Analysts predict that the 'Revenues- Automotive regulatory credits' will reach $240.48 million. The estimate indicates a year-over-year change of -42.3%.
It is projected by analysts that the 'Geographic Revenues- United States' will reach $13.85 billion. The estimate indicates a change of -5.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenues- Other International' should arrive at $9.17 billion. The estimate points to a change of +16.9% from the year-ago quarter.
The average prediction of analysts places 'Geographic Revenues- China' at $5.68 billion. The estimate indicates a change of +0.4% from the prior-year quarter.
The consensus among analysts is that 'Total vehicle deliveries' will reach 472,269 . The estimate compares to the year-ago value of 497,099 .
Analysts expect 'Other models deliveries' to come in at 6,608 . Compared to the present estimate, the company reported 15,933 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Model 3/Y deliveries' of 467,310 . Compared to the present estimate, the company reported 481,166 in the same quarter last year.
The combined assessment of analysts suggests that 'Storage deployed' will likely reach 15084 megawatt hours. Compared to the current estimate, the company reported 12500 megawatt hours in the same quarter of the previous year.
Analysts' assessment points toward 'Total Leased Units' reaching 11,258 . The estimate compares to the year-ago value of 10,230 .
Over the past month, Tesla shares have recorded returns of -1% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #4 (Sell), TSLA will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Tesla (TSLA) Q3 Earnings
Wall Street analysts forecast that Tesla (TSLA - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year decline of 14%. It is anticipated that revenues will amount to $27.79 billion, exhibiting a decrease of 1.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 9.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Tesla metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- Automotive sales' should come in at $19.89 billion. The estimate indicates a change of -2.3% from the prior-year quarter.
Analysts forecast 'Revenues- Energy generation and storage' to reach $3.77 billion. The estimate indicates a year-over-year change of +10.5%.
The consensus estimate for 'Revenues- Services and other' stands at $4.33 billion. The estimate points to a change of +24.7% from the year-ago quarter.
Analysts predict that the 'Revenues- Automotive regulatory credits' will reach $240.48 million. The estimate indicates a year-over-year change of -42.3%.
It is projected by analysts that the 'Geographic Revenues- United States' will reach $13.85 billion. The estimate indicates a change of -5.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenues- Other International' should arrive at $9.17 billion. The estimate points to a change of +16.9% from the year-ago quarter.
The average prediction of analysts places 'Geographic Revenues- China' at $5.68 billion. The estimate indicates a change of +0.4% from the prior-year quarter.
The consensus among analysts is that 'Total vehicle deliveries' will reach 472,269 . The estimate compares to the year-ago value of 497,099 .
Analysts expect 'Other models deliveries' to come in at 6,608 . Compared to the present estimate, the company reported 15,933 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Model 3/Y deliveries' of 467,310 . Compared to the present estimate, the company reported 481,166 in the same quarter last year.
The combined assessment of analysts suggests that 'Storage deployed' will likely reach 15084 megawatt hours. Compared to the current estimate, the company reported 12500 megawatt hours in the same quarter of the previous year.
Analysts' assessment points toward 'Total Leased Units' reaching 11,258 . The estimate compares to the year-ago value of 10,230 .
View all Key Company Metrics for Tesla here>>>Over the past month, Tesla shares have recorded returns of -1% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #4 (Sell), TSLA will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .