We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tesla (TSLA) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Tesla (TSLA - Free Report) closed at $260.32, marking a -1.59% move from the previous day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.
Heading into today, shares of the electric car maker had lost 9.17% over the past month, lagging the Auto-Tires-Trucks sector's loss of 4.92% and the S&P 500's gain of 0.52% in that time.
TSLA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.76, up 122.69% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.43 billion, up 88.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.26 per share and revenue of $28.47 billion. These totals would mark changes of +570.68% and +32.67%, respectively, from last year.
Any recent changes to analyst estimates for TSLA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 13.62% lower. TSLA currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, TSLA is holding a Forward P/E ratio of 42.28. This represents a premium compared to its industry's average Forward P/E of 10.15.
Investors should also note that TSLA has a PEG ratio of 1.21 right now. 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 was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
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.
To follow TSLA in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tesla (TSLA) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Tesla (TSLA - Free Report) closed at $260.32, marking a -1.59% move from the previous day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.
Heading into today, shares of the electric car maker had lost 9.17% over the past month, lagging the Auto-Tires-Trucks sector's loss of 4.92% and the S&P 500's gain of 0.52% in that time.
TSLA will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.76, up 122.69% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.43 billion, up 88.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.26 per share and revenue of $28.47 billion. These totals would mark changes of +570.68% and +32.67%, respectively, from last year.
Any recent changes to analyst estimates for TSLA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 13.62% lower. TSLA currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, TSLA is holding a Forward P/E ratio of 42.28. This represents a premium compared to its industry's average Forward P/E of 10.15.
Investors should also note that TSLA has a PEG ratio of 1.21 right now. 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 was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
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.
To follow TSLA in the coming trading sessions, be sure to utilize Zacks.com.