In the latest trading session, Tesla (TSLA) closed at $ 854.41, up + 0.59% from the previous day. The stock increased the daily profit of the S&P 500 by 0.23%. Meanwhile, the Dow lost 0.03% and Nasdaq, a tech-heavy index, added 0.43%.
Coming to date, the shares of the electric car manufacturer increased by 34.14% last month. At the same time, the auto-tire-truck sector grew by 17.8%, while the S&P 500 grew by 3.86%.
Wall Street will be looking for positivity from TSLA as it nears its next earnings report date. In that report, analysts expect TSLA to earn $ 0.84 per share. This will mark a year-over-year increase of 95.35%. Meanwhile, our latest consensus estimate is calling for revenue of $ 9.98 billion, up 35.13% from the prior-year quarter.
Any recent changes in analyst estimates for TSLA should also be taken into consideration by investors. Recent amendments reflect the latest near-term trade trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe that the modification of these estimates is directly related to team stock moves. To benefit from this, we have developed Zacks Rank, a proprietary model that takes these estimates into account and provides an actionable rating system.
From # 1 (Strong Buy) to # 5 (Strong Sale), the Zacks Rank System has a proven, out-audited track record of outperformance, with # 1 stock giving an average 25% return annually since 1988. Zacks estimated EPS of 0.32% higher within the last month. TSLA is currently playing the Zacks Rank of # 1 (Strong Buy).
Excavated at valuation, TSLA currently has a forward P / E ratio of 231.09. Its industry sports an average forward P / E of 16.24, so we can conclude that the TSLA premium is comparatively traded.
Meanwhile, TSL’s peg ratio is currently 6.6. This popular metric is similar to the widely known P / E ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth rate. Automotive – Domestic shares, on average, have a PEG ratio of 2.35 based on yesterday’s closing prices.
Automotive – The domestic industry is part of the auto-tire-truck sector. The industry currently has a Zacks industry rank of 33, placing it in the top 13% of all 250+ industries.
Zacks is included in the industry rank, with the average Zacks rank of individual companies within each of these sectors listed in the worst-to-worst order. Our research shows that the top 50% of rated industries outperformed the lower half by a factor of 2 to 1.
Be sure to follow all these stock-moving metrics and many more at Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download the 7 best stocks for the next 30 days. Click to get this free report
Tesla, Inc. (TSLA): Free Stock Analysis Report
Click here to read this article on Zacks.com.