Wells Fargo equity analysts said the Q2 earnings season looks like another challenging setup, with the majority of suppliers likely to miss consensus expectations while also facing risks of full-year guidance cuts.“We expect TSLA to be impacted by another sub 400K delivery quarter & lower pricing driven by financing promos,” analysts noted.
“ALV & TEL have been supplier refuges, yet are still at the mercy of production, & recent cuts don't seem to be reflected in consensus,” they added.), driven by a worse second-half mix. Adjusted EBIT is expected to be partially offset by the strength of the peso, while the EPS guidance is likely to be salvaged by the early closure of Motional.) as best positioned for a beat in Q2.
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