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Tesla (TSLA) Stock Moves -1.69%: What You Should Know
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In the latest trading session, Tesla (TSLA - Free Report) closed at $347.49, marking a -1.69% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 2.21%, and the tech-heavy Nasdaq lost 1.7%.
Coming into today, shares of the electric car maker had gained 35.46% in the past month. In that same time, the Auto-Tires-Trucks sector gained 5.26%, while the S&P 500 lost 2.57%.
Wall Street will be looking for positivity from TSLA as it approaches its next earnings report date. This is expected to be February 6, 2019. In that report, analysts expect TSLA to post earnings of $2.13 per share. This would mark year-over-year growth of 170.07%. Our most recent consensus estimate is calling for quarterly revenue of $7.01 billion, up 113.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $21.30 billion. These totals would mark changes of +85.57% and +81.14%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TSLA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 52.72% higher. TSLA currently has a Zacks Rank of #2 (Buy).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 29, putting it in the top 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSLA in the coming trading sessions, be sure to utilize Zacks.com.
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Tesla (TSLA) Stock Moves -1.69%: What You Should Know
In the latest trading session, Tesla (TSLA - Free Report) closed at $347.49, marking a -1.69% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 2.21%, and the tech-heavy Nasdaq lost 1.7%.
Coming into today, shares of the electric car maker had gained 35.46% in the past month. In that same time, the Auto-Tires-Trucks sector gained 5.26%, while the S&P 500 lost 2.57%.
Wall Street will be looking for positivity from TSLA as it approaches its next earnings report date. This is expected to be February 6, 2019. In that report, analysts expect TSLA to post earnings of $2.13 per share. This would mark year-over-year growth of 170.07%. Our most recent consensus estimate is calling for quarterly revenue of $7.01 billion, up 113.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $21.30 billion. These totals would mark changes of +85.57% and +81.14%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TSLA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 52.72% higher. TSLA currently has a Zacks Rank of #2 (Buy).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 29, putting it in the top 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSLA in the coming trading sessions, be sure to utilize Zacks.com.