Tesla Motors (Nasdaq: TSLA ) is expected to report Q3 earnings on Nov. 5. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Tesla Motors's revenues will shrink -15.7% and EPS will remain in the red.
The average estimate for revenue is $48.6 million. On the bottom line, the average EPS estimate is -$0.91.
Last quarter, Tesla Motors booked revenue of $26.7 million. 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.
Last quarter, non-GAAP EPS came in at -$0.89. 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.
For the preceding quarter, gross margin was 17.9%, 1,390 basis points worse than the prior-year quarter. Operating margin was -398.4%, 29,740 basis points worse than the prior-year quarter. Net margin was -396.2%, 29,490 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $399.9 million. The average EPS estimate is -$3.00.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 565 members out of 967 rating the stock outperform, and 402 members rating it underperform. Among 237 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Tesla Motors a green thumbs-up, and 154 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 $39.79.
If you're looking for an edge in the transportation segment of the market, consider strong, smaller brands that sell their products to folks like you and me. We've got a couple to offer, plus a home-owner's trusted go-to company, in our new special report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice." Click here for instant access to this free report.