Tesla, Inc. (TSLA) has been trending as one of the most searched stocks recently, with shares returning -1.7% over the past month, in contrast to the Zacks S&P 500 composite’s +3.4%. The Zacks Automotive – Domestic industry, which includes Tesla, experienced a loss of -2.6% during this time.
For the current fiscal year, Tesla’s consensus earnings estimate stands at $2.47 per share, indicating a decline of -20.8% from the previous year. The earnings estimate for the next fiscal year is expected to be $3.24, reflecting an increase of +31% year-over-year. The company reported revenues of $21.3 billion for the last quarter, down -8.7% year-over-year, and missed the Zacks Consensus Estimate of $22.15 billion by -3.83%.
Tesla currently holds a Zacks Rank of #3 (Hold), suggesting potential performance in line with the broader market in the near term. Despite a projected sales estimate for the current quarter of $24.9 billion showing a slight decrease of -0.1%, the estimates for the next fiscal year indicate expected growth of +13.8%.
