Tesla Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Tesla, Inc. is set to release its Q1 earnings on April 23, 2024, with analysts forecasting a decrease in earnings per share from 85 cents to 51 cents year-over-year, and a projected revenue of $22.34 billion. The company recently eliminated a marketing team, reversing a move towards traditional advertising. Shares fell 3.4% to $142.05. Analysts have revised their price targets and ratings ahead of the earnings call, with varying outlooks from 'Overweight' to 'Reduce'.
April 23, 2024 | 2:51 pm
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Tesla is anticipated to report lower earnings per share in Q1 2024 compared to the previous year, with projected revenue of $22.34 billion. The company's recent decision to eliminate a marketing team and a 3.4% drop in share price reflect potential challenges. Analysts have updated their ratings and price targets, indicating varied expectations.
The anticipated decrease in earnings per share and the recent drop in share price suggest potential short-term negative impact on Tesla's stock. Analysts' varied ratings and adjusted price targets reflect uncertainty and differing expectations, which could contribute to volatility in the stock's price following the earnings announcement.
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IMPORTANCE 90
RELEVANCE 100