From NASDAQ:

Tesla (TSLA) stock ended at $240.45, marking a 1.25% gain from the previous close, but trailing the S&P 500 (+1.41%), with the Nasdaq rising by 2.2%. Over the past month, Tesla shares have slid 2.6%, even as the Auto-Tires-Trucks sector gained 0.15% and the S&P 500 gained 2.9%.

Earnings performance: Tesla is expected to release its earnings on January 24, 2024, with an estimated EPS of $0.74, down 37.82% from the prior-year quarter. Revenue is anticipated to be $25.95 billion, up 6.7% from the year-ago period. Positive analyst estimate revisions generally indicate optimism about business and profitability.

Tesla’s Zacks Rank has provided an impressive track record of outperformance, with the latest estimate showing a 0.27% increase. Tesla holds a Zacks Rank of 3 (Hold), with Forward P/E ratio of 62.13, higher than the industry’s average of 11.32. It also has a PEG ratio of 3.26, higher than the industry’s average of 1.26.

Tesla comes under the Automotive – Domestic industry, which currently holds a Zacks Industry Rank of 76, positioning it in the top 31% of all industries. The Zacks Industry Rank assesses industry groups by computing the average Zacks Rank of the individual stocks under them. The top 50% rated industries have outperformed the bottom half by a factor of 2 to 1.

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Read more: Tesla (TSLA) Increases Yet Falls Behind Market: What Investors Need to Know