The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tesla Motors beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share improved.
Margins dropped across the board.
Tesla Motors reported revenue of $39.4 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $37.6 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $36.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.69. The 11 earnings estimates compiled by S&P Capital IQ averaged -$0.63 per share on the same basis. GAAP EPS were -$0.78 for Q4 compared to -$0.54 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 1,130 basis points worse than the prior-year quarter. Operating margin was -205.5%, 6,320 basis points worse than the prior-year quarter. Net margin was -207.0%, 6,550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $30.7 million. On the bottom line, the average EPS estimate is -$0.71.
Next year's average estimate for revenue is $555.9 million. The average EPS estimate is -$2.06.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 429 members out of 835 rating the stock outperform, and 408 members rating it underperform. Among 241 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Tesla Motors a green thumbs-up, and 160 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tesla Motors is outperform, with an average price target of $35.00.
- Add Tesla Motors to My Watchlist.