In the most recent trading session, Tesla (TSLA) closed at $ 693.73, a move of -0.84% from the previous day. This change weakened the 0.1% increase of S&P 500 on the day. Elsewhere, the Dow rose 0.9%, while technically heavy Nasdaq lost 0.59%.
As of today, the shares of the electric car manufacturer have lost 13.81% in the past month, bringing the loss of the Auto-Tires-Trucks sector by 7.56% and the S&P 500 gain of 0.71 % at that time.
TSLA wants to show strength as it releases its next earnings. The company is expected to report a profit of $ 0.73, which is 192% higher than in the previous quarter. The Zacks Revenue Consensus estimate, meanwhile, predicts net sales of $ 9.49 billion, an increase of 58.52% over the previous year.
Our Zacks consensus estimates for the full year are earnings of $ 4 per share and earnings of $ 47.11 billion, which would represent + 78.57% and + 49.4% respectively compared to the previous year.
Investors should also take note of recent changes to the analysis estimates for TSLA. These reviews usually reflect the latest short-term business trends, which may change frequently. Keeping this in mind, we can review positive estimates as a sign of optimism about the company’s prospects.
Research suggests that this estimate of the review is directly correlated with the momentum of the stock price in the short term. 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 ranges from # 1 (strong buy) to # 5 (strong sell). It has an extraordinarily audited record of success, with # 1 stocks delivering an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate moved 4.34% lower last month. TSLA currently has a Zacks rank of # 3 (Hold).
TSLA currently has a forward P / E ratio of 174.7. This is a premium compared to the industry’s average forward P / E of 17.15.
It is also noteworthy that TSLA currently has a PEG ratio of 5.06. 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 – Domestic maintained an average PEG ratio of 2.39 at the closing price of yesterday.
The automotive industry – Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks industry rank of 205, which ranks in the bottom 20% of all 250+ industries.
The Zacks industry rankings are listed in order from best to 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 industries are better than the bottom half by a factor of 2 to 1.
You can find more information about all of these stats and more at Zacks.com.
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Tesla, Inc. (TSLA): Free Inventory Analysis Report
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