Tesla, Inc. (NASDAQ:TSLA) Expected to Announce Earnings of $2.31 Per Share

Brokerages forecast that Tesla, Inc. (NASDAQ:TSLA – Get Rating) will post earnings of $2.31 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Tesla’s earnings, with the lowest EPS estimate coming in at $1.74 and the highest estimate coming in at $2.80. Tesla posted earnings of $1.45 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 59.3%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Tesla will report full year earnings of $11.26 per share for the current year, with EPS estimates ranging from $9.69 to $12.62. For the next year, analysts forecast that the firm will report earnings of $13.73 per share, with EPS estimates ranging from $11.15 to $20.03. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Tesla.

Tesla (NASDAQ:TSLA – Get Rating) last posted its earnings results on Wednesday, April 20th. The electric vehicle producer reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.96. The company had revenue of $18.76 billion for the quarter, compared to analysts’ expectations of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. Tesla’s revenue for the quarter was up 80.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share.

A number of analysts have issued reports on TSLA shares. Zacks Investment Research lowered shares of Tesla from a “strong-buy” rating to a “hold” rating and set a $1,034.00 price target on the stock. in a research note on Monday, April 18th. Bank of America reiterated a “hold” rating and set a $1,200.00 price target on shares of Tesla in a research note on Tuesday, January 4th. UBS Group boosted their price target on shares of Tesla from $1,000.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Monday, April 4th. Daiwa Capital Markets upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $980.00 to $900.00 in a research note on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesla from $1,200.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, April 22nd. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $960.41.

In related news, SVP Andrew D. Baglino sold 897 shares of the stock in a transaction on Monday, March 7th. The stock was sold at an average price of $845.39, for a total transaction of $758,314.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Elon Musk sold 345,601 shares of the stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $898.00, for a total value of $310,349,698.00. Following the sale, the chief executive officer now directly owns 168,193,251 shares of the company’s stock, valued at $151,037,539,398. The disclosure for this sale can be found here. Insiders sold 413,472 shares of company stock valued at $371,566,160 over the last three months. Corporate insiders own 25.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Paragon Capital Management Ltd purchased a new position in Tesla in the fourth quarter worth $25,000. AllSquare Wealth Management LLC raised its position in Tesla by 766.7% in the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Tesla in the fourth quarter worth $31,000. Kathleen S. Wright Associates Inc. purchased a new position in Tesla in the fourth quarter worth $32,000. Finally, First Financial Corp IN purchased a new position in shares of Tesla in the first quarter valued at $32,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.

NASDAQ:TSLA traded down $6.75 on Friday, reaching $870.76. 29,377,665 shares of the company’s stock were exchanged, compared to its average volume of 22,616,896. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $902.12 billion, a price-to-earnings ratio of 118.15, a price-to-earnings-growth ratio of 2.88 and a beta of 2.08. The business has a fifty day moving average of $938.71 and a 200-day moving average of $987.05. Tesla has a 52-week low of $546.98 and a 52-week high of $1,243.49.

Tesla Company Profile (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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