Electric vehicle pioneer Tesla (NASDAQ: TSLA) will be announcing earnings results tomorrow after market close. Here’s what to look for.
Tesla missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $25.18 billion, up 7.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating income estimates but a miss of analysts’ revenue estimates. Additionally, Tesla saw vehicle delivery growth of 6.4% quarter on quarter.
Is Tesla a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Tesla’s revenue to grow 7.8% year on year to $27.14 billion, improving from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tesla has missed Wall Street’s revenue estimates six times over the last two years.
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