Analysts' forecasts for Tesla's earnings are mixed, but the stock price could be volatile after the report.Not only did the Musk-led company deviate from analyst predictions by delivering more vehicles than in Q1, but it also achieved record highs in energy storage products and benefitted from CEO Elon Musk's hefty $56 billion compensation package.this last development helped ease concerns about the company's commitment to robotics technology.
Against this backdrop, analysts' forecasts for Tesla's second-quarter earnings paint a mixed picture. Over the past three months, an equal number of analysts have both raised and lowered their EPS estimates, resulting in a current consensus forecast of $0.62 per share.These figures represent significant downward revisions from initial expectations. Before adjustments, analysts predicted EPS of $1.18 and revenue of $31.55 billion.
Fair value analysis using InvestingPro's tools suggests a possible correction for TSLA. The average forecast predicts a 12% decline, with a fair price estimated at $220.84 based on various financial models. The highest analyst estimate sits at $247.95, while some models predict a price below $200 due to long-term revenue outflow concerns.
The upcoming earnings report could be the catalyst for a breakout. Positive results and optimistic outlooks could propel the price above $265, potentially triggering a rise towards $300 in the short term.