Tesla (TSLA - Free Report) closed the most recent trading day at $341.40, moving -1.45% from the previous trading session. This change lagged the S&P 500's 0.56% gain on the day. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq lost 0.38%.
Coming into today, shares of the electric car maker had gained 22.91% in the past month. In that same time, the Auto-Tires-Trucks sector lost 5.46%, while the S&P 500 lost 6.76%.
Investors will be hoping for strength from TSLA as it approaches its next earnings release, which is expected to be February 6, 2019. In that report, analysts expect TSLA to post earnings of $1.80 per share. This would mark year-over-year growth of 159.21%. Meanwhile, our latest consensus estimate is calling for revenue of $7.01 billion, up 113.13% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.10 per share and revenue of $21.30 billion, which would represent changes of +75.75% and +81.14%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TSLA. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 52.72% higher. TSLA currently has a Zacks Rank of #1 (Strong Buy).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.