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Tesla (TSLA) Gains But Lags Market: What You Should Know

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Tesla (TSLA - Free Report) closed the most recent trading day at $347.87, moving +1.15% from the previous trading session. This change lagged the S&P 500's 2.3% gain on the day. Elsewhere, the Dow gained 2.5%, while the tech-heavy Nasdaq added 2.95%.

Coming into today, shares of the electric car maker had gained 4.25% in the past month. In that same time, the Auto-Tires-Trucks sector gained 4.22%, while the S&P 500 gained 1.21%.

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. The company is expected to report EPS of $2.13, up 170.07% from the prior-year quarter. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 remained stagnant. 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 16, which puts it in the top 6% 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.

To follow TSLA in the coming trading sessions, be sure to utilize Zacks.com.




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