Brokerages Anticipate Tesla Inc (TSLA) Will Announce Earnings of -$3.11 Per Share

Equities research analysts expect that Tesla Inc (NASDAQ:TSLA) will post earnings per share of ($3.11) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Tesla’s earnings, with the lowest EPS estimate coming in at ($3.82) and the highest estimate coming in at ($2.60). Tesla reported earnings of ($1.33) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 133.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Tesla will report full year earnings of ($6.95) per share for the current financial year, with EPS estimates ranging from ($12.58) to ($3.33). For the next year, analysts anticipate that the firm will report earnings of $1.82 per share, with EPS estimates ranging from ($0.90) to $6.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Tesla.

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Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned ($0.69) earnings per share. The business’s revenue was up 43.9% compared to the same quarter last year.

A number of brokerages have recently commented on TSLA. ValuEngine raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. UBS set a $195.00 target price on shares of Tesla and gave the company a “sell” rating in a report on Friday, February 9th. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $342.95 target price for the company in a report on Monday, March 12th. BidaskClub raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tesla in a report on Monday, March 19th. Thirteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $322.64.

Shares of Tesla stock traded down $7.56 during trading hours on Thursday, hitting $301.54. 6,600,538 shares of the stock were exchanged, compared to its average volume of 5,660,768. Tesla has a 1-year low of $255.01 and a 1-year high of $389.61. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $50,936.14, a PE ratio of -25.58 and a beta of 1.01.

In other news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $321.41, for a total transaction of $321,410.00. Following the completion of the sale, the vice president now owns 20,561 shares in the company, valued at $6,608,511.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,719 shares of company stock valued at $2,827,816. 23.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in TSLA. Wealthcare Advisory Partners LLC acquired a new stake in shares of Tesla in the third quarter valued at approximately $100,000. Truewealth LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $102,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Tesla in the third quarter valued at approximately $106,000. Avestar Capital LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $144,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 58.18% of the company’s stock.

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About Tesla

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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