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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.