Wall Street brokerages predict that Tesla Inc (NASDAQ:TSLA) will post $2.13 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Tesla’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $2.85. Tesla posted earnings of ($3.04) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 170.1%. The business is scheduled to issue its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Tesla will report full-year earnings of ($1.25) per share for the current financial year, with EPS estimates ranging from ($2.34) to ($0.36). For the next year, analysts forecast that the firm will post earnings of $5.47 per share, with EPS estimates ranging from $1.50 to $10.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Tesla.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.77) by $4.67. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%.

Several analysts have commented on TSLA shares. Morgan Stanley reissued a “neutral” rating and issued a $291.00 target price on shares of Tesla in a research report on Monday, August 13th. Royal Bank of Canada set a $315.00 target price on shares of Tesla and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. Goldman Sachs Group reissued a “not rated” rating and issued a $195.00 target price on shares of Tesla in a research report on Wednesday, August 15th. Sanford C. Bernstein boosted their target price on shares of Tesla from $265.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday, August 16th. Finally, Evercore ISI set a $301.00 target price on shares of Tesla and gave the stock a “hold” rating in a research report on Thursday, August 16th. Twelve investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $320.85.

TSLA stock traded down $5.10 during trading hours on Friday, hitting $357.97. The company’s stock had a trading volume of 11,484,216 shares, compared to its average volume of 5,637,970. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $62.35 billion, a price-to-earnings ratio of -31.18 and a beta of 0.59. Tesla has a 12 month low of $244.59 and a 12 month high of $387.46.

In related news, CEO Elon Musk bought 29,844 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $334.98 per share, for a total transaction of $9,997,143.12. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $306.00, for a total transaction of $306,000.00. Following the transaction, the insider now owns 8,598 shares of the company’s stock, valued at $2,630,988. The disclosure for this sale can be found here. Insiders sold 26,375 shares of company stock valued at $9,029,040 over the last 90 days. 22.80% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in Tesla by 33.6% during the second quarter. Jennison Associates LLC now owns 4,332,187 shares of the electric vehicle producer’s stock worth $1,485,724,000 after purchasing an additional 1,089,377 shares in the last quarter. Capital World Investors raised its stake in Tesla by 11.9% during the third quarter. Capital World Investors now owns 6,817,290 shares of the electric vehicle producer’s stock valued at $1,805,014,000 after buying an additional 726,703 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in Tesla by 24,503.9% during the third quarter. Rehmann Capital Advisory Group now owns 349,622 shares of the electric vehicle producer’s stock valued at $40,684,000 after buying an additional 348,201 shares during the last quarter. ARK Investment Management LLC raised its stake in Tesla by 68.2% during the third quarter. ARK Investment Management LLC now owns 746,725 shares of the electric vehicle producer’s stock valued at $197,710,000 after buying an additional 302,851 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Tesla by 171.9% during the third quarter. TD Asset Management Inc. now owns 353,582 shares of the electric vehicle producer’s stock valued at $93,618,000 after buying an additional 223,539 shares during the last quarter. Hedge funds and other institutional investors own 59.50% of the company’s stock.

About Tesla

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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