Tesla Motors Inc Third Quarter Earnings Sneak Peek

Tesla Motors Inc (NASDAQ:TSLA) will unveil its latest earnings on Monday, November 5, 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 98 cents per share, a wider loss from the year-earlier quarter net loss of 63 cents. During the past three months, the average estimate has moved down from a loss of 93 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 98 cents during the last month.

Past Earnings Performance: Last quarter, the company topped expectations by 3 cents, coming in at a loss of $1 per share versus a mean estimate of net loss of $1.03 per share. This followed two straight quarters of missing estimates.

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Revenue fell 54.2% to $26.7 million from $58.2 million.

Wall St. Revenue Expectations: Analysts are projecting a decline of 16.3% in revenue from the year-earlier quarter to $48.3 million.

Stock Price Performance: Between October 2, 2012 and October 30, 2012, the stock price dropped $2.42 (-8.1%), from $29.80 to $27.38. 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 May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 16.4% (-$5.40) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 38.5% in the first quarter and dropped again in the second quarter.

Analyst Ratings: With seven analysts rating the stock a buy, one rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.26 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.52 in the first quarter to the last quarter driven in part by a decrease in current assets. Current assets decreased 11.6% to $317.1 million while liabilities rose by 6.5% to $251 million.

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

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