Analysts Offer Predictions for Tesla, Inc.’s Q1 2022 Earnings (NASDAQ:TSLA)

Tesla, Inc. (NASDAQ:TSLA – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q1 2022 earnings estimates for shares of Tesla in a note issued to investors on Monday, April 11th. Jefferies Financial Group analyst P. Houchois anticipates that the electric vehicle producer will post earnings per share of $1.95 for the quarter. Jefferies Financial Group has a “Buy” rating and a $1,250.00 price target on the stock.

Tesla (NASDAQ:TSLA – Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The electric vehicle producer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.37. The business had revenue of $17.72 billion during the quarter, compared to the consensus estimate of $16.65 billion. Tesla had a net margin of 10.25% and a return on equity of 20.36%. The firm’s revenue for the quarter was up 65.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share.

TSLA has been the topic of several other research reports. Canaccord Genuity Group lifted their price target on shares of Tesla from $1,040.00 to $1,200.00 in a report on Friday, January 28th. Cowen boosted their price target on shares of Tesla from $660.00 to $790.00 and gave the company a “market perform” rating in a research report on Monday, April 4th. Zacks Investment Research restated a “buy” rating on shares of Tesla in a report on Wednesday, March 2nd. StockNews.com assumed coverage on Tesla in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Evercore ISI increased their price objective on Tesla from $750.00 to $900.00 in a report on Tuesday, January 4th. Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $942.74.

Tesla stock opened at $975.93 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $980.09 billion, a P/E ratio of 199.17, a P/E/G ratio of 4.38 and a beta of 2.08. Tesla has a 1-year low of $546.98 and a 1-year high of $1,243.49. The firm has a 50-day moving average of $919.73 and a 200-day moving average of $970.94.

In related news, SVP Andrew D. Baglino sold 3,500 shares of the business’s stock in a transaction on Thursday, January 27th. The shares were sold at an average price of $933.56, for a total value of $3,267,460.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zachary Kirkhorn sold 1,250 shares of the stock in a transaction on Tuesday, January 18th. The shares were sold at an average price of $1,026.75, for a total transaction of $1,283,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,121 shares of company stock worth $62,619,390 in the last three months. 25.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Paragon Capital Management Ltd bought a new position in shares of Tesla during the 4th quarter valued at approximately $25,000. University of Texas Texas AM Investment Managment Co. purchased a new position in Tesla during the third quarter worth $27,000. AllSquare Wealth Management LLC raised its stake in shares of Tesla by 766.7% in the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 23 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Tesla in the 4th quarter worth about $31,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Tesla during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 40.64% of the company’s stock.

About Tesla (Get Rating)

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

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