-$0.14 EPS Expected for Tesla Inc (NASDAQ:TSLA) This Quarter

Wall Street analysts forecast that Tesla Inc (NASDAQ:TSLA) will report earnings per share of ($0.14) for the current quarter, according to Zacks. Six analysts have made estimates for Tesla’s earnings. The highest EPS estimate is $0.57 and the lowest is ($0.60). Tesla reported earnings per share of $2.90 in the same quarter last year, which suggests a negative year over year growth rate of 104.8%. The company is expected to announce its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Tesla will report full-year earnings of ($3.16) per share for the current year, with EPS estimates ranging from ($4.30) to ($1.39). For the next fiscal year, analysts expect that the firm will post earnings of $4.82 per share, with EPS estimates ranging from $1.24 to $11.69. Zacks’ EPS averages are an average based on a survey of analysts that cover Tesla.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by ($0.76). The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The company’s revenue was up 58.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.06) earnings per share.



Several brokerages have recently weighed in on TSLA. BidaskClub upgraded shares of Tesla from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the stock a “hold” rating in a report on Wednesday, August 21st. Morgan Stanley set a $230.00 price objective on shares of Tesla and gave the stock a “hold” rating in a report on Wednesday, September 18th. Piper Jaffray Companies reissued an “overweight” rating and set a $396.00 target price on shares of Tesla in a research report on Friday, June 7th. Finally, Needham & Company LLC reissued a “sell” rating on shares of Tesla in a research report on Sunday, July 7th. Eighteen investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Tesla currently has a consensus rating of “Hold” and a consensus price target of $269.53.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $223.51, for a total value of $3,352,650.00. Following the completion of the sale, the insider now owns 306,098 shares of the company’s stock, valued at $68,415,963.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $255.68, for a total transaction of $38,352.00. Following the completion of the sale, the chief financial officer now directly owns 9,962 shares of the company’s stock, valued at approximately $2,547,084.16. The disclosure for this sale can be found here. Insiders sold 30,450 shares of company stock valued at $6,917,723 in the last ninety days. 24.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Clarus Wealth Advisors grew its position in shares of Tesla by 83.3% during the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Trustcore Financial Services LLC grew its position in shares of Tesla by 121.8% during the second quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 67 shares in the last quarter. AllSquare Wealth Management LLC acquired a new stake in shares of Tesla during the second quarter worth approximately $28,000. Bedel Financial Consulting Inc. grew its position in shares of Tesla by 197.7% during the second quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock worth $29,000 after buying an additional 85 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of Tesla during the second quarter worth approximately $30,000. 54.42% of the stock is owned by institutional investors.

Shares of TSLA stock traded up $1.60 during trading hours on Wednesday, hitting $224.81. 4,116,577 shares of the company were exchanged, compared to its average volume of 5,442,976. The firm has a market cap of $40.53 billion, a PE ratio of -39.30 and a beta of 0.55. Tesla has a 1 year low of $176.99 and a 1 year high of $379.49. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average of $229.48 and a 200 day moving average of $238.60.

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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