The 10-second takeaway
For the quarter ended March 31 (Q1), Tesla Motors missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP loss per share expanded.
Margins dropped across the board.
Tesla Motors tallied revenue of $30.2 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $31.9 million on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $49 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.76. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.69 per share. GAAP EPS were -$0.86 for Q1 compared to -$0.51 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 33.8%, 300 basis points worse than the prior-year quarter. Operating margin was -294.2%, 19,760 basis points worse than the prior-year quarter. Net margin was -297.9%, 19,810 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.3 million. On the bottom line, the average EPS estimate is -$0.81.
Next year's average estimate for revenue is $555.4 million. The average EPS estimate is -$2.21.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 453 members rating the stock outperform and 415 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Tesla Motors a green thumbs-up, and 167 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 $37.77.
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