Tesla (TSLA) closed its last trading day at $ 683.80, up 1.91% from the previous trading session. This move exceeded the daily gain of the S&P 500 by 0.42%.
Today, the electric vehicle maker is up 2.68% in the past month, lagging 6.83% growth in the tire and truck sector and 6.32% growth in the S&P 500 index during that time.
TSLA will strive to demonstrate strength as we approach the release of the next earnings report. In this report, analysts expect TSLA to report earnings of $ 0.79 per share. This represents an increase of 216% year on year. Meanwhile, the Zacks consensus estimate is $ 9.92 billion in net sales, up 65.76% from a year earlier.
Looking at the full year, our Zacks consensus estimates suggest analysts are expecting earnings of $ 4.27 per share and revenue of $ 47.86 billion. These totals represent a change of + 90.63% and + 51.76%, respectively, compared to last year.
Any recent changes in TSLA analysts’ estimates should also be noted by investors. These recent developments tend to reflect the changing nature of short-term business trends. As a result, we can interpret the positive revision as a good sign for the company’s business prospects.
Our research shows that these valuation changes are directly related to short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an effective ranking system.
Ranging from # 1 (Strong Buy) to # 5 (Strong Sell), the Zacks rating system has a proven, independently audited track record of excellent performance, with # 1 stocks earning an average of + 25% annually since 1988. EPS estimates have increased by 7.81% over the past month. TSLA currently has a Zacks # 3 (Hold) rating.
The TSLA is estimated to have a P / E of 165.26. In comparison, the industry’s average forward P / E ratio is 17.5, which means TSLA is trading at a premium over the group.
Meanwhile, the PEG TSLA ratio is currently 4.79. This popular metric is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth rate. Automotive – The domestic industry currently has an average PEG of 2.35 at yesterday’s close.
Automotive Industry – The domestic industry is part of the car tire and truck sector. The industry currently has a Zacks rating of 170, placing it 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 rating for individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by 2: 1.
Be sure to use Zacks. Come to watch all of these stock movement indicators and more in the upcoming trading sessions.
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