-$2.96 Earnings Per Share Expected for Tesla Inc. (TSLA) This Quarter
Wall Street analysts forecast that Tesla Inc. (NASDAQ:TSLA) will announce earnings of ($2.96) per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Tesla’s earnings. The highest EPS estimate is ($2.26) and the lowest is ($3.41). Tesla reported earnings per share of ($0.69) during the same quarter last year, which would suggest a negative year over year growth rate of 329%. The firm is scheduled to report its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Tesla will report full-year earnings of ($8.53) per share for the current year, with EPS estimates ranging from ($9.06) to ($7.61). For the next financial year, analysts forecast that the firm will post earnings of ($3.60) per share, with EPS estimates ranging from ($7.30) to ($1.04). Zacks’ EPS averages are an average based on a survey of analysts that cover Tesla.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $0.71 earnings per share. Tesla’s quarterly revenue was up 29.9% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the stock. Vetr downgraded shares of Tesla from a “buy” rating to a “hold” rating and set a $371.10 target price on the stock. in a research note on Wednesday, August 9th. Robert W. Baird reissued an “outperform” rating and issued a $411.00 target price (up previously from $368.00) on shares of Tesla in a research note on Monday, August 14th. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the company a “hold” rating in a research note on Monday, November 13th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Tesla in a research note on Wednesday, August 9th. Finally, Guggenheim reissued a “buy” rating and issued a $430.00 target price on shares of Tesla in a research note on Thursday, August 10th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $329.87.
Tesla (TSLA) traded down $5.21 during mid-day trading on Wednesday, reaching $312.60. 4,914,833 shares of the company’s stock traded hands, compared to its average volume of 6,434,923. Tesla has a fifty-two week low of $180.00 and a fifty-two week high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.
In related news, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. In the last three months, insiders sold 10,741 shares of company stock valued at $3,579,311. 23.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Janus Henderson Group PLC boosted its stake in Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Vanguard Group Inc. boosted its stake in Tesla by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after purchasing an additional 292,602 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in Tesla during the 2nd quarter worth $66,601,000. Jasper Ridge Partners L.P. boosted its stake in Tesla by 7,001.5% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock worth $58,319,000 after purchasing an additional 159,005 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Tesla during the 2nd quarter worth $52,108,000. 55.71% of the stock is currently owned by institutional investors.
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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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