Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant

📆 10/23/2024 10:40 AM
📰 CNBC

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The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday.

Analysts polled by LSEG expect the company to report earnings of 58 per share on $25.37 billion in revenue. Last quarter , the company posted adjusted EPS of 52 cents and revenue of $25.50 billion. The current numbers also suggest 12% decline in earnings from the year-ago period . The earnings release come on the heels of a rocky patch for the stock. It's down 13% in 2024 and has lost 17% this month. Earlier this month, the EV giant posted disappointing third-quarter delivery numbers .

mountain Shares this year Jefferies analyst Philippe Houchois lifted his price target to $195 from $165 to account for higher revenue to free cash flow metric and earnings before interest and taxes between 2024 and 2026, but retained his hold rating. The new target still reflects more than 10% downside from Tuesday's close.

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