Tesla (TSLA) closed the last trading day at $ 683.80, moving + 1.91% from the previous trading session. This move exceeded the S&P 500’s daily profit of 0.42%.
As of today, the shares of the manufacturer of electric cars have risen 2.68% over the past month, bringing the profit of the Auto-Tires-Trucks sector by 6.83% and the S&P 500 profit of 6.32 % remained at that time.
TSLA wants to show strength as it releases its next earnings. In the report, analysts expect TSLA to earn $ 0.79 per share. This will be a year-on-year growth of 216%. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 9.92 billion, an increase of 65.76% over the previous year.
Looking at the full year, our Zacks consensus estimates indicate that analysts expect earnings of $ 4.27 per share and revenue of $ 47.86 billion. This total will mean changes of + 90.63% and + 51.76% respectively compared to last year.
Investors should also take note of recent changes to the analysis estimates for TSLA. These recent reviews tend to reflect the development of short-term business trends. As a result, we can interpret positive estimate changes as a good sign for the company’s prospects.
Our research shows that these estimation changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited record of better performance, with # 1 stocks averaging +25 annually since 1988 % yields. The Zacks Consensus The profit estimate has moved 7.81% higher over the past month. TSLA currently has a Zacks rank of # 3 (Hold).
Looking at its valuation, TSLA maintains a forward P / E ratio of 165.26. By comparison, its industry has an average Forward P / E of 17.5, which means that TSLA trades at a premium for the group.
Meanwhile, the PEG ratio of TSLA is currently 4.79. This popular measure is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the expected growth rate of the company. The Automotive Industry – Domestic industry currently has an average PEG ratio of 2.35 as of the end of yesterday.
The automotive industry – Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 170, which ranks in the bottom 34% of all 250+ industries.
The Zacks Industry Rank measures 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% of industries are better than the bottom half by a factor of 2 to 1.
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