Tesla Stock Earnings Forecast: What To Watch

“Buy the dip in the S&P 500,” wrote Stephen Gallagher, the bank’s U.S. head of research. “Micro drivers are strong and should speed up the profit cycle over the next six months before the start of a consumer downturn. Overweight S&P 500 vs Russell 2000, Long Nasdaq Equal Weighted on US-10yr yield consolidation.” This marks the second straight quarter that the retail pharmacy giant has underperformed Wall Street’s adjusted earnings expectations.

• Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
• Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
• Truist upgraded shares of Exxon Mobil to a buy from hold amid a plan buy the oil company to buy Pioneer Natural Resources.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
• Keysight Technologies saw a increase in short interest in the month of September.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The company had previously predicted it would deliver 1.8 million units this year. Hitting that mark requires the hand-off of nearly 476,000 vehicles in the fourth quarter. That number is possible, but only if the Cybertruck launches successfully and spurs interest in other Tesla models. For context, deliveries in last year’s fourth quarter totaled 405,278.

Simpson added that he is selling the stock on account of its underperformance compared to its relative price movement. A bumper crop of companies made their initial public offerings this year, but many of them have since fallen short of their IPO price. Pioneer shares were up 1.44% at the close, while Exxon’s slipped 3.58%. Exxon estimated its production volume in the Permian Basin would more than double to 1.3 million barrels of oil equivalent per day. While it’s a “good deal” for Exxon from a historical valuation perspective, Molchanov noted that it’s important to also recognize that Exxon’s own stock has been trading at a much lower valuation than it used to.

Unfortunately, Wall Street had been too optimistic about those production upgrades and their effect on sales. On average, analysts had expected Tesla to deliver 455,000 units in the quarter. Delta Air Lines traded more than 2% higher in the premarket after the airline delivered third-quarter earnings that beat analyst expectations. The chance that the world forex broker Federal Reserve will raise its benchmark overnight lending rate another quarter point — to 5.50%-5.75% — by the end of this year climbed to 35.7% from 26.3% yesterday, according to the CME FedWatch tool. The move follows the release of September’s consumer price index, which matched economists’ estimates when stripping out food and energy costs.

Home Depot, Target, Cisco, Deere, Walmart, and More Stocks to Watch This Week

The company issued revenue guidance of $1.29 billion-$1.31 billion, compared to the consensus revenue estimate of $1.39 billion. Investors’ immediate response to Tesla earnings doesn’t always reflect what happens later, however. city index review As an example, TSLA dipped to $153.75 after its first quarter, 2023 earnings release. But a month later, the stock found its stride and rose to $293.34 before dipping again after second-quarter earnings were announced.

• In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
• Equities continue to head south “as the market realizes that yields will move higher,” he said.
• The luxury sector saw shares continue to pull back Thursday, on the back of LVMH Moet Hennessy Louis Vuitton’s disappointing quarterly sales.
• At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

The move erased some of Wednesday’s declines, the price of oil still remains below Monday’s high and levels from late September, when WTI traded above $90 per barrel. Medical device stocks like Dexcom and Insulet are hitting fresh lows as investors bet the success of Ozempic and other GLP-1 medications will make consumers healthier and less in need of kidney dialysis, bariatric surgery, insulin pumps, and more. Although shares of Walgreens have jumped more than 10% since Monday, the sector has been pulled lower instaforex review by Hormel Foods and Lamb Weston, which are down 10.8% and 8.3%, respectively. The luxury sector saw shares continue to pull back Thursday, on the back of LVMH Moet Hennessy Louis Vuitton’s disappointing quarterly sales. Shares of LVMH fell to their largest intraday selloff in nearly two years on Wednesday, also bringing down luxury peers Richemont, Kering SA and Hermes International. Truist upgraded shares of Exxon Mobil to a buy from hold amid a plan buy the oil company to buy Pioneer Natural Resources.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Keysight Technologies’ stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vontobel Holding Ltd. (0.47%), Confluence Investment Management LLC (0.20%), Covea Finance (0.10%), National Bank of Canada FI (0.06%), Leeward Investments LLC MA (0.04%) and DnB Asset Management AS (0.03%). The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.

Dow Jones Network

The ongoing Israel-Hamas war has raised questions of a potential oil supply crunch and a resulting rise in fuel prices if the geopolitical instability spreads to neighboring oil producers in the region. Earlier this month, the 10-year Treasury yield traded above 4.8%. A sharp acceleration in revenue and earnings growth makes this stock a top 5G pick. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

7% Dividend Yields: The 6 Best Payouts in the S&P 500

U.S.-traded shares of LVMH shed 1.8% Wednesday, bringing it lower 8.4% week to date. Hermes and Kering’s U.S.-traded shares lost around 2% for the day, followed by Hermes down 1.6%. A report from Freddie Mac on Thursday showed that the average for a 30-year fixed rate mortgage rose to 7.57%, the fifth straight week that the rate has increased. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Time to Upgrade!

There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” KEYS shares. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023.

Analyst’s Opinion

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Fed officials will be parsing the data as they mull whether another rate increase will be necessary this year. If Tesla’s volatility feels too risky for your investing style, see this Microsoft stock outlook. Analysts are largely bullish on Microsoft
MSFT
ahead of its earnings release on October 24.

Private equity firms Blackstone Inc , EQT AB and THL Partners are competing against large U.S. industrial automation firms to acquire German power electronics firm EA Elektro-Automatik, according to p… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Despite better-than-expected Q3 earnings, Wall Street isn’t happy with Keysight’s Q4 guidance. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Keysight Technologies to Host Webcast of Third Quarter Fiscal Year 2023 Earnings Conference Call

If you miss the live webcast, you can access a recording of the event here. The recording should be available about two hours after the session ends. Ignite your portfolio—get the names of the top companies driving the AI revolution in this exclusive Forbes report, 12 Top AI Stocks to Buy Now.

All of the sectors in the S&P 500 are headed toward a winning week, with the exception of consumer staples. “Our sense is that the FOMC will need to see core inflation break below 4% and believe it will continue to trend downward to pause and remain on hold for a prolonged period,” Senyek wrote to clients. By comparison, Ratio Energies and NewMed Energy, which have about 50% working interest in the Leviathan gas field, are down more than 12% for the week. In 2022, KEYS’s revenue was $5.42 billion, an increase of 9.69% compared to the previous year’s $4.94 billion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.