In the last trading session, Tesla (TSLA) closed at $ 854.41, marking a + 0.59% change from the previous day. The stock exceeded the S&P 500 daily gain by 0.23%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a high-tech index, added 0.43%.
As of today, the shares of the electric car maker rose 34.14% last month. At the same time, the Auto-Tires-Trucks sector appreciated 17.8%, while the S&P 500 appreciated 3.86%.
Wall Street will seek TSLA positivity as the date of the next earnings report approaches. In this report, analysts expect the TSLA to post earnings of $ 0.84 per share. This would mark a year-on-year growth of 95.35%. In the meantime, our latest consensus estimate is revenue of $ 9.98 billion, an increase of 35.13% over the previous year’s quarter.
Any recent changes in analysts’ estimates for the TSLA should also be noted by investors. Recent reviews tend to reflect the most recent short-term business trends. Thus, positive revisions to the estimates reflect the optimism of analysts about the company’s business and profitability.
Based on our research, we believe that these revisions to estimates are directly related to inventory movements close to the team. To benefit from this, we developed Zacks Rank, a proprietary model that takes these changes in estimates into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks rating system has a proven track record of superior performance, with external audit, with shares # 1 returning an average of + 25% per year since 1988. The Zacks Consensus Estimated EPS rose 0.32% last month. TSLA is currently sporting a Zacks rating of # 1 (strong buy).
Investigating the assessment, TSLA currently has a future P / E ratio of 231.09. Your industry has an average Forward P / E of 16.24, so we can conclude that TSLA is trading with premium comparatively.
Meanwhile, TSLA’s PEG ratio is currently 6.6. This popular metric is similar to the widely known P / E ratio, with the difference that the PEG index also takes into account the company’s expected profit growth rate. Automotive – National inventories are, on average, holding a PEG index of 2.35 based on yesterday’s closing prices.
The Automotive – Domestic Industry is part of the Auto-Pneus-Trucks sector. This industry currently has a Zacks Industry Rank of 33, which places it among the top 13% 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 individual companies in each of these sectors. Our research shows that the top 50% of the sectors outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these inventory movement metrics, and more, at Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 best stocks for the next 30 days. Click to get this free report
Tesla, Inc. (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.