What to expect from Tesla on Monday

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Tesla Inc.

TSLA
must report income after Monday’s close. The stock hit an all-time high of $ 900.40 / share in 2021 and is currently trading around $ 729 / share. The stock is prone to big moves after declaring profit and can easily deviate if the numbers are strong. Conversely, if the numbers are disappointing, the stock can easily go down. To help you get ready, here’s what the streets are waiting for:

Income overview:

The company is expected to report a gain of $ 0.78 / share on revenue of $ 10.24 billion. Meanwhile, the so-called Whisper Number is a gain of $ 0.86 / share. The Whisper figure is the unofficial street take on earnings.

A closer look at the fundamentals:

The company has experienced steady profit growth over the past four quarters and is well positioned for increased growth in the years to come. In 2020, the company made $ 2.24, and the 2021 figures are expected to be $ 4.14, and the 2022 figures are $ 6.23. This is very strong annual growth in earnings per share and generally bodes well for a stock.

A closer look at the techniques:

Technically, the stock is doing very well and building a bullish sideways consolidation above its 50-day moving average line ahead of earnings. The stock experienced a huge move from March 2020 to January 2021. Since then the stock has taken a break to digest this huge move and is preparing well to run higher.

Pay attention to the reaction of the stock to the news:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company react to the news. Remember, always keep your losses minimal and never argue with the gang.

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