$Tesla Motors(TSLA)$ If you ar-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tesla Motors(TSLA)$ If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Tesla (TSLA). This company, which is in the Zacks Automotive - Domestic industry, shows potential for another earnings beat.

When looking at the last two reports, this electric car maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.79%, on average, in the last two quarters.

For the most recent quarter, Tesla was expected to post earnings of $0.83 per share, but it reported $0.85 per share instead, representing a surprise of 2.41%. For the previous quarter, the consensus estimate was $1.09 per share, while it actually produced $1.19 per share, a surprise of 9.17%.

With this earnings history in mind, recent estimates have been moving higher for Tesla. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Tesla currently has an Earnings ESP of +0.50%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 19, 2023.

Will you bottom Tesla at $200 or $180?

Tesla stock continues to dip as the company announced a fresh round of price cuts in mainland China. Tesla already lost 25% this month. If you plan to add, at what price will you buy Tesla? Will you sell put of Tesla at $180?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.</p>\n<p><br></p>\n<p>Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.</p>\n<p><br></p>\n<p>The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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This company, which is in the Zacks Automotive - Domestic industry, shows potential for another earnings beat.</p>\n<p><br></p>\n<p>When looking at the last two reports, this electric car maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.79%, on average, in the last two quarters.</p>\n<p><br></p>\n<p><br></p>\n<p>For the most recent quarter, Tesla was expected to post earnings of $0.83 per share, but it reported $0.85 per share instead, representing a surprise of 2.41%. For the previous quarter, the consensus estimate was $1.09 per share, while it actually produced $1.19 per share, a surprise of 9.17%.</p>\n<p><br></p>\n<p>With this earnings history in mind, recent estimates have been moving higher for Tesla. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.</p>\n<p><br></p>\n<p>Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.</p>\n<p><br></p>\n<p>The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.</p>\n<p><br></p>\n<p>Tesla currently has an Earnings ESP of +0.50%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 19, 2023.</p></body></html>","text":"$Tesla Motors(TSLA)$ If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Tesla (TSLA). This company, which is in the Zacks Automotive - Domestic industry, shows potential for another earnings beat. When looking at the last two reports, this electric car maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.79%, on average, in the last two quarters. For the most recent quarter, Tesla was expected to post earnings of $0.83 per share, but it reported $0.85 per share instead, representing a surprise of 2.41%. For the previous quarter, the consensus estimate was $1.09 per share, while it actually produced $1.19 per share, a surprise of 9.17%. With this earnings history in mind, recent estimates have been moving higher for Tesla. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Tesla currently has an Earnings ESP of +0.50%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. 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