SMM: U. S. Eastern time on Wednesday (October 21), Tesla will release the third quarter financial results, Wall Street is expected to Tesla will make a fifth consecutive quarterly profit. Although Tesla may not be able to meet his 2020 delivery target of 500000 vehicles under the influence of novel coronavirus's epidemic, Wall Street is still more optimistic about Tesla.
Tesla is expected to hold an analyst conference call at 17:30 EDT on Wednesday.
In view of Tesla's sales target of 500000 vehicles in 2020, Wall Street will analyze this and pay close attention to Tesla's update on sales guidelines.
Nelson Garrett, an analyst at the US Financial Research and Analysis Center, said, "We think they may not reach the goal, but I am sure Wall Street will forgive this, considering that the novel coronavirus epidemic is the main culprit that led to the factory closure."
Jonas (Adam Jonas), an analyst at gen Stanley, said in a recent report that he expected Tesla to make more progress in providing ride-hailing services. In terms of delivery volume, Jonas raised Tesla's 2020 delivery forecast from 474800 to 489700. Earlier this month, Tesla announced that 139300 cars had been delivered in the third quarter, higher than Wall Street had expected.
Here are the expectations of some Wall Street analysts:
Earnings: on average, 37 analysts surveyed by FactSet expect Tesla's adjusted earnings per share to be 54 cents this quarter, compared with 33 cents in the same period last year.
According to Estimize, an analysis platform that combines the views of Wall Street analysts, sell-side analysts, fund managers, executives and scholars, the market expects Tesla's adjusted earnings per share to be 65 cents.
Revenue: 37 analysts surveyed by FactSet expect Tesla's third-quarter revenue to reach $8.25 billion, compared with $6.3 billion in the same period last year. Estimize platform data show that the market expects Tesla's revenue in the third quarter to reach 8.38 billion US dollars.
Share price movements: Tesla's shares have risen fivefold this year, compared with 9% for the s & p and 1% for the Dow Jones industrial average. As of Friday's close, Tesla's share price was $439.67. Currently, according to the FactSet platform, the average target price for Tesla by the analysts surveyed is $345.85, and most analysts have a hold rating on the stock.
It is expected that Tesla may also announce the progress of the construction of factories in Germany and Texas. In addition, investors are interested in the upgrade of Tesla's autopilot assistance system.
