Results for: Analyst Consensus

Tesla is set to release its earnings report, with analysts expecting earnings per share of $0.49 and revenue around $22.27 billion. Tesla shares have declined by over 43% since the beginning of 2024 and are down 3% in Monday’s trading session. Analysts at Deutsche Bank and Wells Fargo have downgraded Tesla due to concerns about deliveries, pricing, and earnings. Wells Fargo maintained its Underweight rating and lowered its full-year deliveries forecast to -12% year-on-year. BofA analysts believe that Tesla will face mounting profit pressure due to weaker demand. Meanwhile, Morgan Stanley reiterated an Overweight rating and $310 price target, stating that consensus expectations must stop falling for the stock to outperform.

Visa Inc. (V) is expected to report $2.44 in earnings per share (EPS) on $8.62 billion in revenue for its second quarter, exceeding analysts’ expectations. However, the stock has declined over 7% since March 21 due to factors such as Capital One Financial’s acquisition of Discover Financial Services and the settlement of a class action lawsuit, affecting Visa’s swipe fees. Technically, the stock’s bearish trend is supported by indicators such as the MACD and RSI. The consensus analyst rating remains Outperform, but recent ratings suggest a potential upside of 12.02% from its current trading price.