Equities research analysts predict that Tesla Inc (NASDAQ:TSLA) will report earnings per share of $2.13 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Tesla’s earnings, with estimates ranging from $0.93 to $2.85. Tesla posted earnings per share of ($3.04) during the same quarter last year, which would suggest a positive year over year growth rate of 170.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Tesla will report full year earnings of ($1.25) per share for the current financial year, with EPS estimates ranging from ($2.34) to ($0.36). For the next year, analysts forecast that the business will post earnings of $5.47 per share, with EPS estimates ranging from $1.50 to $10.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Tesla.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.77) by $4.67. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%.
NASDAQ TSLA traded down $5.10 during midday trading on Friday, hitting $357.97. 11,484,216 shares of the company traded hands, compared to its average volume of 5,637,970. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $62.35 billion, a PE ratio of -31.18 and a beta of 0.59. Tesla has a 52 week low of $244.59 and a 52 week high of $387.46.
In other Tesla news, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $360.28, for a total transaction of $360,280.00. Following the transaction, the insider now directly owns 8,598 shares in the company, valued at approximately $3,097,687.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Deepak Ahuja sold 3,500 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $343.46, for a total transaction of $1,202,110.00. Following the transaction, the chief financial officer now owns 27,965 shares in the company, valued at $9,604,858.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,375 shares of company stock worth $9,029,040. Corporate insiders own 22.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TSLA. Principal Financial Group Inc. raised its position in shares of Tesla by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 7,147 shares of the electric vehicle producer’s stock valued at $1,902,000 after acquiring an additional 244 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $308,000. Alps Advisors Inc. acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $385,000. BB&T Corp acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $304,000. Finally, Aperio Group LLC raised its position in shares of Tesla by 2.0% in the 2nd quarter. Aperio Group LLC now owns 37,146 shares of the electric vehicle producer’s stock valued at $12,739,000 after acquiring an additional 719 shares during the period. Institutional investors own 59.50% of the company’s stock.
Tesla Company Profile
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.
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