In the last trading session, Tesla (TSLA) closed at $ 693.73, marking a -0.84% change from the previous day. This change was behind the 0.1% gain of the S&P 500 on the day. Elsewhere, the Dow gained 0.9%, while the high-tech Nasdaq lost 0.59%.
Today, the shares of the electric car maker lost 13.81% last month, lagging behind the 7.56% loss in the Automobile-Tire sector and the S&P 500 gain of 0.71% in that period.
TSLA will try to show strength as it approaches its next earnings release. The company is expected to report EPS of $ 0.73, an increase of 192% over the previous year’s quarter. Meanwhile, Zacks’ consensus estimate for revenue is projecting net sales of $ 9.49 billion, an increase of 58.52% over the same period last year.
For the full year, our Zacks consensus estimates are projecting earnings of $ 4 per share and revenue of $ 47.11 billion, which would represent changes of + 78.57% and + 49.4%, respectively, in compared to the previous year.
Any recent changes in analysts’ estimates for the TSLA should also be noted by investors. These reviews generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider the positive revisions of the estimates as a sign of optimism regarding the company’s business prospects.
The research indicates that these estimate revisions are directly correlated with the short-term stock price momentum. 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.
The Zacks rating system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable track record of success, with external auditing, with shares # 1 delivering an average annual return of + 25% since 1988. Last month, the Consensus Zacks EPS estimate fell 4.34% below. TSLA currently has a Zacks Rank of # 3 (Hold).
Investigating the assessment, TSLA currently has a P / E Forward ratio of 174.7. This represents a premium compared to the industry average P / E Forward of 17.15.
It is also important to note that the TSLA currently has a PEG ratio of 5.06. 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 – Domestic was maintaining an average PEG ratio of 2.39 at yesterday’s closing price.
The Automotive – Domestic Industry is part of the Automotive-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 205, which places it among the worst 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in the order of the best to the worst in terms of the average Zacks Rank of the individual companies within 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.
You can find more information about all these metrics and more at Zacks.com.
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Tesla, Inc. (TSLA): Free Stock Analysis Report
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