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Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know

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Tesla (TSLA) closed at $734.09 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's 0.03% gain on the day.

Heading into today, shares of the electric car maker had gained 3.66% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 0.87% and the S&P 500's gain of 3.02% in that time.

Wall Street will be looking for positivity from TSLA as it approaches its next earnings report date. The company is expected to report EPS of $1.25, up 64.47% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.93 billion, up 47.4% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.06 per share and revenue of $50.41 billion. These totals would mark changes of +125.89% and +59.86%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for TSLA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.34% higher. TSLA is currently a Zacks Rank #3 (Hold).

Looking at its valuation, TSLA is holding a Forward P/E ratio of 145.37. This represents a premium compared to its industry's average Forward P/E of 14.32.

It is also worth noting that TSLA currently has a PEG ratio of 4.15. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic industry currently had an average PEG ratio of 1.12 as of yesterday's close.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 117, which puts it in the top 47% of all 250+ industries.

The Zacks Industry Rank includes is 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% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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