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 increased significantly. Non-GAAP loss per share shrank. GAAP loss per share increased.
Gross margins contracted, operating margins grew, net margins expanded.
Tesla Motors reported revenue of $306.3 million. The 13 analysts polled by S&P Capital IQ expected to see revenue of $299.7 million on the same basis. 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.
EPS came in at -$0.65. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.52 per share. Non-GAAP EPS were -$0.65 for Q4 compared to -$0.69 per share for the prior-year quarter. GAAP EPS were -$0.79 for Q4 against -$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 quarter, gross margin was 7.8%, 1,210 basis points worse than the prior-year quarter. Operating margin was -29.7%, 17,580 basis points better than the prior-year quarter. Net margin was -29.4%, 17,760 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $356.6 million. On the bottom line, the average EPS estimate is -$0.26.
Next year's average estimate for revenue is $1.67 billion. The average EPS estimate is -$0.17.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 734 members out of 1,154 rating the stock outperform, and 420 members rating it underperform. Among 304 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 141 give Tesla Motors a green thumbs-up, and 163 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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