Tesla Motors
The 10-second takeaway
For the quarter ended June 30 (Q2), Tesla Motors whiffed on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share grew.
Margins dropped across the board.
Revenue details
Tesla Motors logged revenue of $26.7 million. The 12 analysts polled by S&P Capital IQ expected revenue of $30.6 million on the same basis. GAAP reported sales were 54% lower than the prior-year quarter's $58.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.89. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.92 per share. GAAP EPS were -$1.00 for Q2 versus -$0.60 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 17.9%, 1,390 basis points worse than the prior-year quarter. Operating margin was -398.4%, 30,150 basis points worse than the prior-year quarter. Net margin was -396.2%, 29,490 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $108.0 million. On the bottom line, the average EPS estimate is -$0.87.
Next year's average estimate for revenue is $554.9 million. The average EPS estimate is -$2.74.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 514 members out of 931 rating the stock outperform, and 417 members rating it underperform. Among 241 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Tesla Motors a green thumbs-up, and 171 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tesla Motors is hold, with an average price target of $39.79.
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