Tesla set to report Q4 earnings with estimated growth; Strong Energy Generation division performance expected.

From Nasdaq: 2025-01-22 08:19:00

Tesla is set to announce its fourth-quarter 2024 results on Jan. 29, with estimated earnings of 76 cents per share and revenues of $27.61 billion. Despite lower deliveries, the company’s Energy Generation and Storage division is showing strong growth, expected to boost overall performance in Q4.

Analysts have revised Tesla’s fourth-quarter earnings estimate slightly downward, implying 7.04% year-over-year growth. Tesla’s strong performance in Energy Generation and Storage is expected to offset any impact from lower automotive revenues due to missed delivery targets.

While Tesla does not have a positive Earnings ESP for Q4, it carries a Zacks Rank of 3. The combination of a positive Earnings ESP and a higher Zacks Rank typically increases the likelihood of an earnings beat, but this isn’t the case for Tesla this time.

In comparison, other auto biggies like General Motors, PACCAR Inc, and Ford Motor Company are also gearing up to report their fourth-quarter earnings. General Motors has a Zacks Rank of 2, PACCAR Inc has a Zacks Rank of 2, and Ford Motor Company has a Zacks Rank of 3.

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Read more at Nasdaq: Tesla Gears Up to Report Q4 Earnings: Here’s What to Expect