Tesla shares closed up 2.18% at $378.69, outpacing the S&P 500's 0.66% gain, the Dow's 0.18% rise and the Nasdaq's 1.05% advance. The electric car maker is expected to report earnings per share of $0.45 for its upcoming quarter, down 10% from the prior-year quarter, on revenue of $27.61 billion, a 1.74% decline from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $1.76 per share and revenue of $105.68 billion, changes of +6.02% and +11.45% respectively from last year. Over the last 30 days the Zacks Consensus EPS estimate has fallen 5.02%, and Tesla currently carries a Zacks Rank of #4 (Sell). The stock trades at a Forward P/E ratio of 210.49, a premium to its industry's average Forward P/E of 15.63, and holds a PEG ratio of 9.35 versus an average of 0.96 for Automotive - Domestic stocks.
Tesla IncAnalysts trimmed Tesla's EPS estimates over the last 30 days and it carries a Zacks Rank #4 (Sell) ahead of earnings, with expected EPS down 10% YoY.
