Equities research analysts expect Tesla Inc. (NASDAQ:TSLA) to report ($2.23) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Tesla’s earnings. The lowest EPS estimate is ($2.80) and the highest is ($1.42). Tesla posted earnings of $0.71 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 414.1%. The firm is scheduled to report its next earnings report on Wednesday, October 25th.

On average, analysts expect that Tesla will report full-year earnings of ($6.56) per share for the current financial year, with EPS estimates ranging from ($8.15) to ($4.95). For the next year, analysts expect that the business will report earnings of ($1.19) per share, with EPS estimates ranging from ($4.94) to $2.16. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Tesla.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping the consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business’s revenue was up 119.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.06) EPS.

Several research analysts have recently issued reports on the company. Morgan Stanley reissued a “hold” rating and issued a $317.00 price target on shares of Tesla in a research note on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and set a $320.00 target price (up previously from $240.00) on shares of Tesla in a research note on Tuesday. BidaskClub cut Tesla from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Citigroup Inc. raised their target price on Tesla from $357.00 to $371.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Finally, Vetr cut Tesla from a “hold” rating to a “sell” rating and set a $335.57 target price for the company. in a research note on Tuesday, August 15th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $313.70.

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In other Tesla news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $355.20, for a total value of $777,888.00. Following the sale, the director now owns 158,584 shares of the company’s stock, valued at approximately $56,329,036.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Branderiz sold 99 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Insiders sold a total of 53,946 shares of company stock worth $18,481,047 in the last ninety days. Insiders own 23.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Tesla by 10.9% in the 1st quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock valued at $6,804,556,000 after buying an additional 2,400,034 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Tesla by 2.5% in the 1st quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after buying an additional 336,130 shares during the last quarter. Vanguard Group Inc. grew its holdings in Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after buying an additional 292,602 shares during the last quarter. Capital World Investors grew its holdings in Tesla by 0.6% in the 2nd quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock valued at $1,090,815,000 after buying an additional 17,452 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Tesla by 4.3% in the 2nd quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock valued at $1,085,801,000 after buying an additional 124,511 shares during the last quarter. 56.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tesla (NASDAQ:TSLA) traded up 1.76% during midday trading on Thursday, hitting $350.61. 4,239,213 shares of the company’s stock traded hands. Tesla has a 52 week low of $178.19 and a 52 week high of $386.99. The stock’s market cap is $58.51 billion. The company has a 50 day moving average of $347.07 and a 200 day moving average of $319.03.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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