From Nasdaq: 2024-04-03 17:45:20

Tesla (TSLA) closed at $168.38, up 1.05% from the previous day. The stock dropped 7.81% in the last month, underperforming the Auto-Tires-Trucks sector and S&P 500. Tesla will report earnings on April 23, with an estimated EPS of $0.61 and revenue of $24.63 billion.

Analysts expect Tesla to earn $3 per share and generate $109.92 billion in revenue for the fiscal year, below the previous year. The Zacks Rank system predicts stock price performance based on analyst estimates. Tesla currently has a Zacks Rank of #5 (Strong Sell), with a 6.75% decrease in EPS estimate.

Tesla’s valuation includes a Forward P/E ratio of 55.64, higher than the industry average of 14.92 and a PEG ratio of 2.49. The Automotive – Domestic industry ranks 96 out of 250+, indicating strong performance among industry peers. Utilize Zacks.com for comprehensive tracking of stock metrics in upcoming sessions.

A top semiconductor stock is identified as a lucrative investment for upcoming growth in AI, ML, and IoT sectors. The global semiconductor market is projected to rise from $452 billion in 2021 to $803 billion by 2028. This stock presents a substantial opportunity to benefit from this trend. Click the link for more details.



Read more at Nasdaq: Tesla (TSLA) Laps the Stock Market: Here’s Why