[ad_1]
In the last trading session, Tesla (TSLA) closed at $ 693.73, marking a movement of -0.84% from the previous day. This change was delayed by the 0.1% gain in the S&P 500 on the day. Elsewhere, the Dow Jones gained 0.9%, while the highly technological Nasdaq lost 0.59%.
As of today dawn, shares of the electric car maker had lost 13.81% over the past month, trailing the Auto-Tires-Trucks sector’s 7.56% loss and gain 0.71% of the S&P 500 during this period.
TSLA will look to show its strength as its next earnings release approaches. The company is expected to post EPS of $ 0.73, up 192% from the previous year quarter. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 9.49 billion, up 58.52% from the previous year.
For the full year, our consensus estimates from Zacks project earnings of $ 4 per share and revenue of $ 47.11 billion, which would represent variations of + 78.57% and + 49.4%, respectively, compared to the previous year.
Any recent changes to analysts’ estimates for TSLA should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. To take advantage of this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
The Zacks ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, unverified track record of success with # 1 stocks offering an average annual return of + 25% since 1988. Over the past month, Zacks Consensus’s EPS estimate has fallen 4.34%. . TSLA currently has a Zacks rank of # 3 (Hold).
Digging into the valuation, TSLA currently has a forward P / E ratio of 174.7. This represents a premium over its industry’s average forward P / E of 17.15.
It should also be noted that TSLA currently has a PEG ratio of 5.06. This popular metric is similar to the widely known P / E ratio, the difference being that the PEG ratio also takes into account the expected growth rate of the company’s earnings. Automotive – Domestic held an average PEG ratio of 2.39 at yesterday’s closing price.
The automotive industry – domestic is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks rank of 205, which places it in the bottom 20% of all 250+ industries.
The Zacks Industry Rankings include is listed in order from best to worst in terms of the average Zacks rankings of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information about all of these measures, 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 Inventory Analysis Report
To read this article on Zacks.com, click here.
[ad_2]
Source link