Tesla stock fell 1.72% and lags behind S&P 500, but earnings expected to grow

From Nasdaq: 2025-01-14 17:45:22

In the latest trading session, Tesla (TSLA) closed at $396.36, down 1.72% from the previous day, trailing the S&P 500. The stock has dropped by 12.9% in the past month, falling short of the Auto-Tires-Trucks sector. Tesla is projected to report earnings of $0.76 per share, up 7.04% year-over-year.

Investors are closely monitoring Tesla’s performance ahead of its earnings report, with estimates projecting growth. Recent analyst adjustments reflect evolving trends, with positive revisions indicating a good outlook. The Zacks Rank system, based on estimate changes, has historically outperformed, with Tesla currently rated as a Hold.

Tesla is trading at a premium compared to its industry, with a Forward P/E ratio of 122.53. The stock also boasts a high PEG ratio of 5.75, indicating expected earnings growth. The Automotive – Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 92, placing it in the top 37% of industries.

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