Analysts expect Tesla Inc (NASDAQ:TSLA) to announce earnings per share (EPS) of ($3.07) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Tesla’s earnings. The lowest EPS estimate is ($3.82) and the highest is ($2.60). Tesla reported earnings of ($1.33) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 130.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Tesla will report full-year earnings of ($7.02) per share for the current year, with EPS estimates ranging from ($12.58) to ($3.33). For the next fiscal year, analysts forecast that the company will report earnings of $3.09 per share, with EPS estimates ranging from ($0.90) to $11.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Tesla.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned ($0.69) EPS. Tesla’s revenue for the quarter was up 43.9% on a year-over-year basis.
In other news, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $312.61, for a total transaction of $384,197.69. Following the transaction, the vice president now directly owns 4,808 shares of the company’s stock, valued at approximately $1,503,028.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the transaction, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,231 shares of company stock worth $3,622,491. Insiders own 23.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Tesla by 17.1% in the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after purchasing an additional 494,761 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Tesla by 77.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after purchasing an additional 276,781 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in Tesla in the 4th quarter worth approximately $30,045,000. Finally, Ariose Capital Management Ltd purchased a new position in Tesla in the 3rd quarter worth approximately $30,733,000. 54.86% of the stock is currently owned by hedge funds and other institutional investors.
Tesla (TSLA) traded down $0.72 during midday trading on Friday, reaching $334.77. The company had a trading volume of 4,007,900 shares, compared to its average volume of 5,840,133. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61. The company has a market cap of $56,760.00, a P/E ratio of -28.51 and a beta of 0.97. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.
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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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