Bobby Harvey
2
All posts from Bobby Harvey
Bobby Harvey in Hot Wheels,

Can Tesla 'Thread The Needle' In Q2? Baird Says It'll Be Buying On Any Weakness

One week ahead of Tesla Inc ’s second-quarter earnings report, Baird analyst Ben Kallo expressed reservations for the near-term but reiterated an Outperform rating and $358 price target nonetheless.

The analyst revised his Q2 and fiscal 2017 estimates to reflect actual deliveries. For Q2, Kallo is looking to see a loss of $2.14 per share and $2.57 billion in sales.

Consensus is above Kallo, with EPS at a loss of $1.81 and $2.56 billion in sales.

Kallo is significantly above the Street for the year though, estimating a loss of $4.51 per share and $12.43 billion in sales.

“We would be buyers on weakness and remain positive on [Tesla]’s long-term prospects,” said Kallo in a note.


Read more