Tesla Motors (Nasdaq: TSLA ) is expected to report Q1 earnings on May 8. 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 grow 1534.7% and EPS will turn positive
The average estimate for revenue is $493.1 million. On the bottom line, the average EPS estimate is $0.03.
Last quarter, Tesla Motors logged revenue of $306.3 million. GAAP reported sales were much higher than the prior-year quarter's $39.4 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 -$0.65. GAAP EPS were -$0.79 for Q4 compared to -$0.78 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 7.8%, much worse than the prior-year quarter. Operating margin was -29.7%, much better than the prior-year quarter. Net margin was -29.4%, much better than the prior-year quarter.
The full year's average estimate for revenue is $1.92 billion. The average EPS estimate is $0.17.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 858 members out of 1,296 rating the stock outperform, and 438 members rating it underperform. Among 322 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 171 give Tesla Motors a green thumbs-up, and 151 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 $36.71.
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