Equities research analysts expect that Tesla Inc (NASDAQ:TSLA) will report sales of $3.39 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tesla’s earnings. The highest sales estimate is $3.60 billion and the lowest is $3.10 billion. Tesla posted sales of $2.70 billion in the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The firm is expected to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Tesla will report full-year sales of $3.39 billion for the current year, with estimates ranging from $14.03 billion to $23.01 billion. For the next fiscal year, analysts expect that the business will report sales of $26.19 billion per share, with estimates ranging from $20.81 billion to $34.82 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Tesla.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping 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 32.11%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted ($0.69) EPS. The firm’s revenue was up 43.9% compared to the same quarter last year.
TSLA has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Tesla to $365.00 and gave the stock a “hold” rating in a research report on Thursday, February 8th. Vetr cut shares of Tesla from a “buy” rating to a “hold” rating and set a $331.97 target price on the stock. in a research report on Tuesday, January 9th. BidaskClub upgraded shares of Tesla from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 24th. Cascend Securities cut shares of Tesla from a “hold” rating to a “sell” rating and set a $250.00 target price on the stock. in a research report on Tuesday, December 5th. Finally, Evercore ISI decreased their target price on shares of Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a research report on Sunday, October 29th. Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $324.20.
In related news, VP Eric Branderiz sold 1,736 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $313.25, for a total transaction of $543,802.00. Following the transaction, the vice president now owns 1,225 shares in the company, valued at $383,731.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Douglas Field sold 1,400 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the transaction, the vice president now owns 21,528 shares in the company, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. Insiders have sold 11,231 shares of company stock worth $3,622,491 in the last quarter. 23.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB increased its position in shares of Tesla by 10.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 22,819 shares of the electric vehicle producer’s stock valued at $7,105,000 after buying an additional 2,109 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Tesla by 20.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock valued at $279,000 after buying an additional 155 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Tesla by 8.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,674 shares of the electric vehicle producer’s stock valued at $22,938,000 after buying an additional 5,850 shares during the period. We Are One Seven LLC purchased a new position in shares of Tesla during the fourth quarter valued at about $265,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Tesla by 75.8% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,728 shares of the electric vehicle producer’s stock valued at $2,095,000 after buying an additional 2,900 shares during the period. Institutional investors own 54.86% of the company’s stock.
Tesla (NASDAQ:TSLA) traded down $1.47 during midday trading on Friday, hitting $333.30. 3,042,502 shares of the stock were exchanged, compared to its average volume of 5,842,260. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The company has a market cap of $56,760.00, a P/E ratio of -28.27 and a beta of 0.97.
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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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