Tesla, Inc. (NASDAQ:TSLA) is scheduled to report fourth-quarter 2018 results on Jan 30. In the last reported quarter, its top and bottom lines beat the Zacks Consensus Estimate. Further, the figures were higher from the prior-year quarter.
In the past six months, shares of Tesla have outperformed the industry it belongs to. During the period, the stock gained 2.3% against the industry’s decrease of 2.1%.
In 2018, Tesla delivered 245,240 vehicles, which is considerably higher than the 2017 figure of 102,807. Moreover, in order to support its vehicles rollouts, the company is opening supercharger stations in locations that have high requirements and most reservation holders.
In fact, this electric vehicle pioneer added more than 3,100 supercharger stations around the world in 2018. Moreover, this network coverage is likely to grow in 2019.
However, the decline in car sales in China and the unresolved trade dispute between the United States and China are likely to have some impact on the company’s soon-to-be-released earnings results.
Tesla currently carries a Zacks Rank #3 (Hold). The company has expected long-term growth rate of 35%. Over the past month, the Zacks Consensus Estimate for current-quarter loss has narrowed from $1.28 to $1.23.
Tesla has an Earnings ESP of -9.05%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings Schedules of Other Major Auto Companies
Among other automotive companies, General Motors Company (NYSE:GM) is scheduled to release results on Feb 6, whereas Genuine Parts Company (NYSE:GPC) and AutoZone, Inc. (NYSE:AZO) are expected to report earnings on Feb 19 and Feb 26, respectively.
General Motors currently sports a Zacks Rank #1 (Strong Buy), while Genuine Parts and AutoZone carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for General Motors, Genuine Parts and AutoZone are 8.5%, 5% and 12%, respectively.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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General Motors Company (GM): Free Stock Analysis Report
Tesla, Inc. (TSLA): Get Free Report
AutoZone, Inc. (AZO): Get Free Report
Genuine Parts Company (GPC): Free Stock Analysis Report
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