Wall Street analysts expect that Tesla, Inc. (NASDAQ:TSLA – Get Rating) will report $2.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Tesla’s earnings, with the lowest EPS estimate coming in at $1.71 and the highest estimate coming in at $2.48. Tesla posted earnings per share of $1.45 in the same quarter last year, which indicates a positive year over year growth rate of 46.9%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Tesla will report full-year earnings of $11.18 per share for the current year, with EPS estimates ranging from $9.69 to $12.53. For the next fiscal year, analysts anticipate that the company will post earnings of $13.48 per share, with EPS estimates ranging from $11.15 to $18.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Tesla.
Tesla (NASDAQ:TSLA – Get Rating) last posted its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $1.22. The firm had revenue of $18.76 billion during the quarter, compared to analyst estimates of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The business’s quarterly revenue was up 80.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS.
In other news, SVP Andrew D. Baglino sold 3,500 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $815.72, for a total value of $2,855,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 24,779 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $869.34, for a total value of $21,541,375.86. Following the completion of the sale, the director now directly owns 49 shares of the company’s stock, valued at $42,597.66. The disclosure for this sale can be found here. Insiders sold 417,001 shares of company stock valued at $373,252,861 over the last ninety days. 25.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC purchased a new position in shares of Tesla in the third quarter valued at $258,000. Ironwood Wealth Management LLC. increased its position in Tesla by 66.0% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 176 shares of the electric vehicle producer’s stock worth $120,000 after purchasing an additional 70 shares in the last quarter. Eagle Asset Management Inc. increased its position in Tesla by 19.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 4,469 shares of the electric vehicle producer’s stock worth $3,465,000 after purchasing an additional 732 shares in the last quarter. NorthRock Partners LLC boosted its stake in Tesla by 13.7% in the 3rd quarter. NorthRock Partners LLC now owns 5,957 shares of the electric vehicle producer’s stock worth $4,619,000 after buying an additional 720 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new stake in Tesla in the 3rd quarter worth about $935,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.
NASDAQ:TSLA opened at $663.90 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.35 and a quick ratio of 1.04. The firm has a market cap of $687.81 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 2.27 and a beta of 2.11. The company has a 50 day moving average price of $929.01 and a 200-day moving average price of $967.51. Tesla has a 1-year low of $571.22 and a 1-year 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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