Tesla stock closed at $176.75, down 1.39%, with analysts predicting lower earnings and revenue

From Nasdaq: 2024-05-28 17:45:15

Tesla’s stock closed at $176.75, a -1.39% change from the previous day, underperforming in the Auto-Tires-Trucks sector. Analysts predict an EPS drop of 34.07% to $0.60 and a revenue decline of 0.12% to $24.9 billion. Tesla holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 72.62.

As the market anticipates Tesla’s financial results, analysts project a 20.83% drop in earnings to $2.47 per share and a 2.3% increase in revenue to $99 billion. The automotive company’s stock has seen a 7.63% decrease over the past month, contrasting with the S&P 500’s 4.19% gain.

In a volatile market, Tesla stands out with its current PEG ratio of 3.36, signaling optimistic growth prospects. The Auto-Tires-Trucks sector boasts a Zacks Industry Rank of 42, ranking it among the top 17% industries. To stay informed, use Zacks.com for real-time stock metrics and updates.

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Read more at Nasdaq: Tesla (TSLA) Stock Sinks As Market Gains: What You Should Know