From Nasdaq: 2024-06-05 09:00:15

Tesla (TSLA) is one of the most searched stocks on Zacks.com. Stock performance over the last month has been -1.7%, compared to a +3.4% change in the Zacks S&P 500 composite. Analysts project a $0.60 per share earnings for the current quarter, a -34.1% change from last year.

Earnings estimate revisions play a key role in determining a stock’s future direction. Tesla’s earnings estimate for the current fiscal year is $2.47 per share, a -20.8% change from the prior year. The Zacks Rank rates Tesla as Hold (Zacks Rank #3), indicating performance in line with the broader market.

Tesla’s revenue growth forecast shows expectations of $24.9 billion in sales for the current quarter, a -0.1% change year-over-year. The company reported $21.3 billion in revenue last quarter, with an EPS of $0.45. Valuation metrics indicate Tesla is currently trading at a premium compared to its peers.

Experts on Zacks.com have identified 7 elite stocks with the potential for early price pops, including Tesla. The Zacks Rank has a history of outperforming the market, with an average annual gain of +24.2% since 1988. Tesla’s Zacks Rank #3 suggests performance in line with market trends.



Read more at Nasdaq: Investors Heavily Search Tesla, Inc. (TSLA): Here is What You Need to Know