Tesla Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Tesla, Inc. TSLA will release earnings results for its third quarter after the closing bell on Wednesday, Oct. 23.

Analysts expect the Austin, Texas-based company to report quarterly earnings at 58 cents per share, down from 66 cents per share in the year-ago period. Tesla projects to report revenue of $25.37 billion for the recent quarter, compared to $22.09 billion a year earlier, according to data from Benzinga Pro.

Tesla has beaten analyst estimates for revenue in five of the last 10 quarters, including the most recently reported second quarter.

Tesla shares fell 0.4% to close at $217.97 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Jefferies analyst Philippe Houchois maintained a Hold rating and raised the price target from $165 to $195 on Oct. 21. This analyst has an accuracy rate of 74%.
• Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating with a price target of $245 on Oct. 11. This analyst has an accuracy rate of 71%.
• Goldman Sachs analyst Mark Delaney reiterated a Neutral rating with a price target of $230 on Oct. 11. This analyst has an accuracy rate of 74%.
• Truist Securities analyst William Stein maintained a Hold rating with a price target of $236 on Oct. 8. This analyst has an accuracy rate of 88%.
• Piper Sandler analyst Alexander Potter maintained an Overweight rating and boosted the price target from $300 to $310 on Sept. 25. This analyst has an accuracy rate of 76%.

Considering buying TSLA stock? Here’s what analysts think:

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