Tesla, Inc. (NASDAQ: TSLA) is expected to report quarterly sales of $ 11.38 billion
Wall Street brokers predict that Tesla, Inc. (NASDAQ: TSLA) will report $ 11.38 billion in sales for the current quarter, according to Zacks investment research. Six analysts provided earnings estimates for Tesla, with the lowest sales estimate at $ 10.21 billion and the highest estimate at $ 12.83 billion. Tesla reported sales of $ 6.04 billion in the same quarter of last year, which would suggest a positive growth rate of 88.4% year-over-year. The company is expected to release its next results on Wednesday July 28.
According to Zacks, analysts expect Tesla to report annual revenue of $ 49.39 billion for the current fiscal year, with estimates ranging from $ 45.86 billion to $ 52.69 billion. dollars. For next year, analysts predict the company will post revenue of $ 66.43 billion, with estimates ranging from $ 52.29 billion to $ 87.03 billion. Zacks sales averages are an average based on a survey of seller-side research companies that cover Tesla.
Tesla (NASDAQ: TSLA) last released its results on Sunday, April 25. The electric vehicle producer reported EPS of $ 0.93 for the quarter, beating the Zacks’ consensus estimate by $ 0.79 by $ 0.14. The company posted revenue of $ 10.39 billion for the quarter, compared to $ 9.89 billion expected by analysts. Tesla had a return on equity of 6.13% and a net margin of 3.18%. The company’s revenue grew 73.6% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.23.
A number of research analysts have recently published reports on TSLA stocks. The UBS group lowered its price target on Tesla to $ 700.00 and set a “neutral” rating on the stock in a research note on Friday, May 21. They noted that the move was an appraisal call. Wells Fargo & Company began covering Tesla in a research note on Monday, May 24. They set a “on par” rating and a price target of $ 590.00 for the stock. Mizuho raised his Tesla price target to $ 820.00 and gave the company a “buy” rating in a research note on Monday, April 26. Sanford C. Bernstein reaffirmed a “sell” note and set a price target of $ 180.00 on Tesla shares in a research note on Tuesday, March 9. Finally, Jefferies Financial Group reaffirmed a “custody” rating and set a price target of $ 700.00 (vs. $ 775.00) on Tesla shares in a research note on Monday, March 29. Eleven equity research analysts rated the stock with a sell rating, twelve gave a keep rating, twelve issued a buy rating, and one gave the company a strong buy rating. Tesla has an average âHoldâ rating and a consensus price target of $ 467.86.
Meanwhile, director Robyn M. Denholm sold 62,500 shares of the company in a transaction that took place on Monday April 26. The shares were sold at an average price of $ 740.97, for a total trade of $ 46,310,625.00. Following the closing of the sale, the Director now owns 67,500 shares of the company, valued at $ 50,015,475. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, CFO Zachary Kirkhorn sold 1,250 shares of the company in a transaction that took place on Monday, May 17th. The shares were sold at an average price of $ 575.34, for a total trade of $ 719,175.00. As a result of the sale, the CFO now directly owns 54,734 shares of the company, valued at approximately $ 31,490,659.56. Disclosure of this sale can be found here. Insiders have sold 108,669 shares of the company valued at $ 77,084,826 in the past ninety days. Insiders own 23.00% of the shares of the company.
Several institutional investors and hedge funds have recently changed their positions in TSLA. OLD Mission Capital LLC purchased a new stake in Tesla shares during the third quarter valued at approximately $ 258,000. Sage Mountain Advisors LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $ 321,000. Eagle Capital Management LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $ 229,000. Los Angeles Capital Management LLC increased its position in Tesla by 77.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 586,623 shares of the electric vehicle producer valued at $ 413,962,000 after purchasing an additional 256,694 shares during the period. Finally, Cowa LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $ 75,000. 41.37% of the capital is held by institutional investors.
TSLA open for $ 604.87 Thursday. The company has a market cap of $ 582.69 billion, a PE ratio of 604.87, a PEG ratio of 6.24 and a beta of 1.99. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt ratio of 0.38. Tesla has a 52-week low of $ 187.43 and a 52-week high of $ 900.40. The company has a fifty-day moving average price of $ 647.94.
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles and energy production and storage systems in the United States, China, and around the world. The company operates in two segments, automotive and energy production and storage. The Automotive segment offers electric vehicles and sells regulatory automotive credits.
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