What To Expect From Tesla’s (TSLA) Q1 Earnings
Electric vehicle pioneer Tesla (NASDAQ:TSLA) will be reporting results tomorrow after market hours. Here’s what you need to know.
Tesla missed analysts’ revenue expectations by 6% last quarter, reporting revenues of $25.71 billion, up 2.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ operating income and EPS estimates.
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This quarter, analysts are expecting Tesla’s revenue to be flat year on year at $21.18 billion, improving from the 8.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 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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