Tesla (TSLA) closed the most recent trading day at $366.76, moving +0.44% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Prior to today's trading, shares of the electric car maker had gained 10.22% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.64% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from TSLA as it approaches its next earnings release, which is expected to be February 6, 2019. In that report, analysts expect TSLA to post earnings of $2.13 per share. This would mark year-over-year growth of 170.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.01 billion, up 113.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $21.29 billion. These totals would mark changes of +85.57% and +81.06%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TSLA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TSLA currently has a Zacks Rank of #1 (Strong Buy).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 19, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.