Tesla's Financial Report Forecasts:
- Analyst Expectations: Analysts have forecasted a revenue estimate of $24.93B for the current year, with a sales growth of -0.80% compared to the previous year1. This indicates a slight contraction in sales, which could be due to market saturation or competitive pressures.
- Earnings Per Share (EPS) Forecast: For the fiscal quarter ending June 2024, the consensus EPS forecast is $0.6123. This is lower than the previous year's EPS of $0.91, suggesting a potential decline in earnings.
- Market Cap and Valuation: Tesla's market cap is currently not provided, but its P/E ratio stands at 63.43, which is relatively high, indicating that the market may have high expectations for future growth2.
- Revenue Growth: Tesla is forecasted to grow its revenue by 14.1% per annum, with earnings and revenue growth expected at 12.6% and 14.1%, respectively4. This suggests a strong growth trajectory in the coming years.
- Return on Equity (ROE) Forecast: The forecast ROE is expected to be 13.9% in 3 years, indicating a healthy return on shareholders' equity4.
- Upcoming Earnings Report: Tesla is scheduled to report its earnings for the fiscal quarter ending June 2024 on July 23, 202452. This report will be critical in understanding the company's financial performance and can influence investor sentiment.
- Historical Earnings Performance: Tesla's earnings have shown variability, with a significant drop in Q1 2024 compared to the previous quarter3. However, the company has reported earnings growth in the past, with a notable increase in earnings in Q4 20223.
In conclusion, while there are positive revenue and growth forecasts for Tesla, the upcoming earnings report and the potential decline in EPS could be areas of focus for investors. The company's valuation and high P/E ratio also suggest that the market is looking for strong future performance to justify current valuations.