Tesla Motors (TSLA) : Earnings Whisper

Tesla Motors Inc. (TSLA) is scheduled to report second-quarter 2015 results after markets close Wednesday afternoon. Consensus estimates call for earnings per share of ($0.59) on revenues of $1.18 billion. In Q2’14 Tesla posted EPS profit of $0.11, 7 cents better than consensus, on revenues of $769.35 million. Meanwhile, EarningsWhisper.com reports a Q2’15 whisper number of ($0.19) per share.

As a quick reminder, last quarter this electric car maker reported positive earnings surprise of 13.58%. EPS came in at ($0.36), $0.13 better than the Street’s consensus estimate of ($0.49). Revs were $1.04 billion compared to $620.54 million (versus the $699.10 million consensus) in 1Q’14.

On valuation measures, Tesla Motors Inc. shares have a T-12 price/sales ratio of 9.34 and a price/book for the same period of 39.77. EPS is ($3.17). The name has a market cap of $33.13 billion and a median Wall Street price target of $289 with a high target of $400. Currently there are 9 analysts that rate TSLA a ‘Buy’, 7 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’.

In terms of share statistics, Tesla Motors Inc. has a total of 126.40 million shares outstanding with 23.43% held by insiders and 56.90% held by institutions. The stock’s short interest currently stands at 25.02%, bringing the total number of shares sold short to 23.45 million.

TSLA was last trading Wednesday at $262 and change, down 6.42% from a month ago and well off its 52-week high of $291.42 set in Sep. 4, 2014. Nevertheless, shares are still up 18% since Jan. 1st.

Tesla Motors has seen its stock advance more than 1,264 percent since its initial public offering more than 5 years ago.

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