Tesla's Upcoming Earnings: What Analysts Are Saying About TSLA
Upcoming Tesla Earnings Announcement
Tesla, Inc. (NASDAQ: TSLA) is poised to unveil its earnings results for the third quarter after the closing bell. Investors are keenly observing this as the company navigates a challenging market.
Analysts’ Earnings Predictions
Industry experts anticipate that Tesla will report earnings of 56 cents per share, which would represent a decline from 72 cents per share during the same time last year. Furthermore, analysts project quarterly revenue to reach approximately $26.7 billion, an increase from $25.18 billion compared to the prior year.
Recent Performance Trends
The electric vehicle manufacturer has struggled to meet analyst revenue expectations for four consecutive quarters. Over the last ten quarters, there has been a pattern of missing projections, indicating ongoing challenges in their financial performance.
Current Stock Performance
On a recent trading day, Tesla’s stock experienced a slight drop of 1.1%, closing at $442.60. Such fluctuations can indicate investor uncertainty leading up to earnings announcements.
Insight from Analysts
Investors looking at TSLA should consider insights from analysts who have monitored the company closely. Here’s what top-rated analysts have recently reported:
Cantor Fitzgerald Analyst Insights
Cantor Fitzgerald's Andres Sheppard has maintained an Overweight rating for TSLA, with a price target set at $355 for 2025, showcasing an accuracy rate of 86% in his forecasts.
Wedbush Analyst Rating
Daniel Ives from Wedbush has reiterated an Outperform rating and has set a price target of $600 also for the year 2025. His accuracy rate currently stands at 82%, indicating a confident outlook on Tesla’s future.
Canaccord Genuity's Position
George Gianarikas from Canaccord Genuity also offers positive sentiment, with a Buy rating and a price target of $490 by 2025, reflecting a solid accuracy rate of 76% among his predictions.
Mizuho's Updated Price Target
Mizuho analyst Vijay Rakesh has maintained an Outperform rating while adjusting the price target upward from $375 to $450 by 2025, showcasing a commitment to a positive outlook with a 79% accuracy rate.
Baird's Upgrade
Ben Kallo at Baird has upgraded Tesla's status from Neutral to Outperform and has increased the price target from $320 to $548, supported by an 80% accuracy rate in his assessments.
Investor Considerations
For those contemplating an investment in TSLA stock, keeping tabs on these analyst ratings can provide valuable insights into potential market movements stemming from the upcoming earnings report.
Frequently Asked Questions
What are Tesla's expected earnings per share for Q3?
Analysts project that Tesla will report earnings of 56 cents per share for the upcoming quarter.
How much is Tesla's anticipated revenue?
Expected revenue for Tesla in Q3 is approximately $26.7 billion.
How has Tesla's stock performed recently?
Tesla's stock fell 1.1% recently, closing at $442.60.
What is the general consensus from analysts about Tesla?
Analysts seem optimistic, with ratings ranging from Overweight to Outperform and varied price targets reflecting positive growth expectations.
Why is it important to follow analysts' predictions?
Analysts' predictions can provide investors with insights into potential performance trends and market reactions surrounding earnings announcements.
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