Tesla Earnings Preview: Low Expectations Are Probably a Good Thing

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Tesla Inc Nyheter

Sverige Senaste nytt,Sverige Rubriker

Stocks Analysis by Brian Gilmartin covering: Tesla Inc. Read Brian Gilmartin's latest article on Investing.com

) reports their 3rd quarter, ’24 financial results after the closing bell on Wednesday, October 23rd, ’24, with consensus analyst expectations looking for $0.58 in EPS, on $25.37 billion in revenue, for expected y-o-y growth of -12% for EPS and +9% revenue growth. Operating income is expected at $1.9 billion and is expected to grow +8% y-o-y.

If the consensus operating income number is met, Tesla will see the first y-o-y operating income growth in 6 quarters. It’s clear the momentum is gone from the stock: even RoboDay was a bit of a bust for Tesla. What’s worrisome about that is that the FSD division still accounts for the lions share of Tesla’s valuation, and reading the commentary following RoboDay, analysts and investors seemed rather under-whelmed.

Note the little bump in the full-year 2024 expected revenue estimate , which I assume is due to the cyber-truck disclosure this weekend.The upward-sloping trendline off the ’20 and ’22 lows is still intact, and doesn’t look like it would be violated until $170 – $175 is taken out, on heavy volume. $138 is the 2024 lows, so that’s the definite line in the sand.

Trading at 100x EPS today, and 60x cash-flow, the few positive developments seem to have been overwhelmed with the stagnant robo-car division and the delayed rollout of the lower-end model, but Tesla has much easier compares ahead.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Could Mega-Cap Tech Stocks Catch Up to S&P 500 This Week?Stocks Analysis by Brian Gilmartin covering: S&P 500, Oracle Corporation, Alphabet Inc Class A, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Nike Earnings Summary: Did the CFO 'Kitchen Sink' the Quarter for Elliott Hill?Stocks Analysis by Brian Gilmartin covering: Nike Inc. Read Brian Gilmartin's latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Netflix Earnings: Could Stock Put in a Big Double-Top on the Weekly Chart?Stocks Analysis by Brian Gilmartin covering: S&P 500, Netflix Inc. Read Brian Gilmartin's latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »