Tesla Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Tesla, Inc. (TSLA) is set to release its Q4 earnings after market close on January 24, 2024. Analysts predict earnings of 74 cents per share, a decrease from $1.19 per share in the previous year, and revenue of $25.59 billion, up from $24.32 billion. Tesla is also rolling out version 12 of its FSD software to non-employee drivers. Ahead of the earnings call, analysts from Wedbush, Deutsche Bank, Goldman Sachs, Truist Securities, and Jefferies have provided ratings and price targets for TSLA, with various levels of accuracy.
January 24, 2024 | 3:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tesla is anticipated to report lower earnings per share but higher revenue in Q4. Analysts have provided mixed ratings and price targets, with the highest target at $350 by Wedbush and the lowest revised target at $210 by Jefferies.
The anticipation of Tesla's Q4 earnings report and the mixed analyst ratings could lead to increased volatility in the stock price. The expected decrease in EPS may be viewed negatively, while the projected increase in revenue could be seen positively. The rollout of FSD v12 may also impact investor sentiment. However, the mixed analyst ratings and the fact that the earnings report has not yet been released suggest a neutral short-term impact until actual results are known.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100