In the latest trading session, Tesla (TSLA - Free Report) closed at $214.92, marking a +0.47% move from the previous day. This move outpaced the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq lost 0.52%.
Coming into today, shares of the electric car maker had lost 6.32% in the past month. In that same time, the Auto-Tires-Trucks sector gained 2.3%, while the S&P 500 gained 3.12%.
Wall Street will be looking for positivity from TSLA as it approaches its next earnings report date. The company is expected to report EPS of -$0.70, up 77.12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.36 billion, up 59% from the year-ago period.
TSLA's full-year Zacks Consensus Estimates are calling for earnings of -$1.32 per share and revenue of $25.74 billion. These results would represent year-over-year changes of +0.75% and +19.93%, respectively.
Investors might also notice recent changes to analyst estimates for TSLA. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. TSLA is currently sporting a Zacks Rank of #5 (Strong Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% 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.