Tesla Inc (NASDAQ:TSLA) Expected to Post Earnings of $0.84 Per Share

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Equities analysts expect that Tesla Inc (NASDAQ:TSLA) will announce earnings per share of $0.84 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tesla’s earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $0.03. Tesla posted earnings per share of ($2.90) in the same quarter last year, which suggests a positive year-over-year growth rate of 129%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 22nd.

On average, analysts expect that Tesla will report full year earnings of $8.08 per share for the current year, with EPS estimates ranging from $4.49 to $12.57. For the next year, analysts anticipate that the business will post earnings of $15.53 per share, with EPS estimates ranging from $10.00 to $36.89. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Tesla.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.34. Tesla had a negative return on equity of 13.68% and a negative net margin of 3.51%. The firm had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same period last year, the firm earned $1.93 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.

A number of research analysts have recently issued reports on TSLA shares. BidaskClub raised Tesla from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Deutsche Bank raised their price objective on Tesla from $455.00 to $510.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Cowen raised their price objective on Tesla from $190.00 to $210.00 and gave the company an “underperform” rating in a research note on Monday, December 30th. Morgan Stanley cut Tesla from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $250.00 to $360.00 in a research note on Thursday, January 16th. They noted that the move was a valuation call. Finally, Bank of America raised their price objective on Tesla from $240.00 to $350.00 and gave the company an “underperform” rating in a research note on Wednesday, January 29th. Eighteen analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $427.41.

In other Tesla news, insider Jerome M. Guillen sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $329.40, for a total value of $658,800.00. Following the completion of the sale, the insider now directly owns 10,973 shares in the company, valued at $3,614,506.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $507.61, for a total transaction of $76,141.50. Following the completion of the sale, the chief financial officer now owns 10,844 shares of the company’s stock, valued at $5,504,522.84. The disclosure for this sale can be found here. Insiders sold 21,673 shares of company stock worth $7,425,192 over the last three months. 24.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TSLA. Renaissance Technologies LLC lifted its holdings in Tesla by 486.9% in the fourth quarter. Renaissance Technologies LLC now owns 3,938,142 shares of the electric vehicle producer’s stock worth $1,647,443,000 after buying an additional 3,267,141 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Tesla by 102.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,448,917 shares of the electric vehicle producer’s stock worth $349,001,000 after buying an additional 733,764 shares during the period. Baillie Gifford & Co. lifted its holdings in Tesla by 2.8% in the fourth quarter. Baillie Gifford & Co. now owns 13,826,979 shares of the electric vehicle producer’s stock worth $5,784,239,000 after buying an additional 375,408 shares during the period. Point72 Asset Management L.P. lifted its holdings in Tesla by 577.2% in the third quarter. Point72 Asset Management L.P. now owns 257,368 shares of the electric vehicle producer’s stock worth $61,992,000 after buying an additional 311,303 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Tesla by 45.4% in the third quarter. Nikko Asset Management Americas Inc. now owns 954,837 shares of the electric vehicle producer’s stock worth $229,992,000 after buying an additional 298,142 shares during the period. Institutional investors and hedge funds own 52.41% of the company’s stock.

Shares of NASDAQ:TSLA traded down $3.97 on Friday, reaching $800.03. 15,668,609 shares of the company traded hands, compared to its average volume of 22,973,943. The business’s 50-day simple moving average is $567.77 and its 200 day simple moving average is $352.98. Tesla has a 52 week low of $176.99 and a 52 week high of $968.99. The stock has a market capitalization of $146.14 billion, a P/E ratio of -157.80, a price-to-earnings-growth ratio of 5.90 and a beta of 0.51. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Earnings History and Estimates for Tesla (NASDAQ:TSLA)

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