Tesla, Inc. (NASDAQ:TSLA) is expected to report earnings of $2.31 per share


Brokers expect Tesla, Inc. (NASDAQ: TSLA – Get Rating) to post earnings of $2.31 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts released Tesla earnings estimates, with the lowest EPS estimate of $1.74 and the highest estimate of $2.80. Tesla posted earnings of $1.45 per share in the same quarter last year, which would indicate a positive growth rate of 59.3% year over year. The company is due to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect Tesla to report annual earnings of $11.26 per share for the current year, with EPS estimates ranging from $9.69 to $12.62. For next year, analysts expect the company to post earnings of $13.73 per share, with EPS estimates ranging from $11.15 to $20.03. Zacks Investment Research’s EPS calculations are an average based on a survey of research companies that provide coverage for Tesla.

Tesla (NASDAQ:TSLA – Get Rating) last released its results on Wednesday, April 20. The electric vehicle producer reported EPS of $3.22 for the quarter, beating the Zacks consensus estimate of $2.26 by $0.96. The company posted revenue of $18.76 billion for the quarter, versus $17.84 billion expected by analysts. Tesla had a net margin of 13.51% and a return on equity of 28.11%. Tesla’s revenue for the quarter increased 80.5% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.39.

A number of analysts have released reports on TSLA shares. Zacks Investment Research downgraded Tesla shares from a “strong buy” rating to a “hold” rating and set a price target of $1,034.00 for the stock. in a Monday, April 18 research note. Bank of America reiterated a “hold” rating and set a $1,200.00 price target on Tesla shares in a Tuesday, Jan. 4, research note. UBS Group raised its price target on Tesla shares from $1,000.00 to $1,100.00 and gave the stock a “neutral” rating in a Monday, April 4 research note. Daiwa Capital Markets upgraded Tesla shares from a “neutral” rating to an “outperforming” rating and reduced its target price for the stock from $980.00 to $900.00 in a Friday 25 research note. february. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Tesla shares from $1,200.00 to $1,250.00 and gave the stock a “buy” rating in a Friday research note. April 22. Eight equity research analysts gave the stock a sell rating, nine gave the company a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $960.41.

In addition, SVP Andrew D. Baglino sold 897 shares in a trade on Monday, March 7. The stock was sold at an average price of $845.39, for a total transaction of $758,314.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, CEO Elon Musk sold 345,601 shares in a trade on Wednesday, April 27. The stock was sold at an average price of $898.00, for a total value of $310,349,698.00. As a result of the sale, the CEO now directly owns 168,193,251 shares of the company, valued at $151,037,539,398. The disclosure of this sale can be found here. Insiders sold 413,472 shares of the company valued at $371,566,160 in the past three months. Company insiders hold 25.00% of the company’s shares.

Major investors have recently increased or reduced their stakes in the company. Paragon Capital Management Ltd bought a new position in Tesla in the fourth quarter worth $25,000. AllSquare Wealth Management LLC increased its position in Tesla by 766.7% in the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle maker worth $27,000 after acquiring 23 additional shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Tesla in the fourth quarter worth $31,000. Kathleen S. Wright Associates Inc. bought a new position in Tesla in the fourth quarter worth $32,000. Finally, First Financial Corp IN bought a new position in Tesla shares in the first quarter worth $32,000. Hedge funds and other institutional investors hold 40.64% of the company’s shares.

NASDAQ: TSLA fell $6.75 on Friday, hitting $870.76. 29,377,665 shares of the company were traded, against an average volume of 22,616,896. The company has a quick ratio of 1.04, a current ratio of 1.35 and a leverage ratio of 0.09. The company has a market capitalization of $902.12 billion, a price-to-earnings ratio of 118.15, a growth price-to-earnings ratio of 2.88 and a beta of 2.08. The company has a fifty-day moving average of $938.71 and a 200-day moving average of $987.05. Tesla has a 52-week low of $546.98 and a 52-week high of $1,243.49.

Tesla Company Profile (Get a rating)

Tesla, Inc designs, develops, manufactures, leases and sells electric vehicles and energy generation and storage systems in the United States, China and around the world. The Company operates in two segments, Automotive and Energy Generation and Storage. The Automotive segment offers electric vehicles and sells automotive regulatory credits.

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Earnings history and estimates for Tesla (NASDAQ: TSLA)



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