Tesla Motors First Quarter Earnings Sneak Peek

Tesla Motors Inc. (NASDAQ:TSLA) will unveil its latest earnings on Wednesday, May 9, 2012. Tesla Motors designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.

Tesla Motors Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 78 cents per share, a wider loss from the year-earlier quarter net loss of 50 cents. During the past three months, the average estimate has moved down from a loss of 69 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 78 cents during the last month.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported a loss of 78 cents per share against a mean estimate of 69 cents. Two quarters ago, it beat expectations by 3 cents with net loss of 63 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 34.7% in revenue from the year-earlier quarter to $32 million.

Analyst Ratings: Of the 10 analysts surveyed, six (60%) rate Tesla Motors a buy. This falls short of the analyst rating of 10 competitors, which average 64.1% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $81.5 million (78 cents a share) from a loss of $51.4 million (18 cents) a year earlier, missing analyst expectations. Revenue rose 8.5% to $39.4 million from $36.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose more than twofold in the first quarter of the last fiscal year, more than twofold in the second quarter of the last fiscal year and 84.6% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between April 4, 2012 and May 3, 2012, the stock price dropped $2.54 (-7.3%), from $35 to $32.46. The stock price saw one of its best stretches over the last year between January 20, 2012 and January 30, 2012, when shares rose for seven straight days, increasing 11.2% (+$2.97) over that span. It saw one of its worst periods between August 12, 2011 and August 22, 2011 when shares fell for seven straight days, dropping 16.6% (-$4.36) over that span.

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

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