Tesla Motors Earnings: Exceeds Wall Street Revenue Estimate

Tesla Motors Inc. ‘s (NASDAQ:TSLA) loss widened in the third quarter, as the company’s results were dragged down by higher costs. Tesla Motors designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Tesla Motors Inc. Earnings Cheat Sheet

Results: Loss widened to $110.8 million ($1.05 per diluted share) from $65.1 million (loss of 63 cents per share) in the same quarter a year earlier.

Revenue: Fell 13.1% to $50.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tesla Motors Inc. fell short of the mean analyst estimate of a loss of 98 cents per share. It beat the average revenue estimate of $30.6 million.

Key Stats:

Revenue has been on the decline for three quarters in a row. In the second quarter, revenue declined 54.2% to $26.7 million while the figure fell 38.5% in the first quarter from the year earlier.

The company fell short of estimates last quarter after beating the mark the quarter before with a loss of -100 cents versus a mean estimate of a loss of $1.03 per share.

Looking Forward: For the past two months, analysts have become increasingly pessimistic about the results for the company next quarter. The average estimate for the fourth quarter is a loss of 56 cents per share, down from a loss of 35 cents sixty days ago. Down from a loss of $3.11 per share ninety days ago, the average estimate for the fiscal year is now a loss of $3.39.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Is AT&T’s Stock a Buy as iPhone Sales Soar?

Is LinkedIn Still a Wall Street Darling?

Should Netflix Shareholders Hope for a Buyout?