Equities analysts forecast that Tesla Inc (NASDAQ:TSLA) will post earnings of ($1.26) per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Tesla’s earnings. The highest EPS estimate is ($0.69) and the lowest is ($2.25). Tesla reported earnings of ($3.35) per share during the same quarter last year, which would suggest a positive year over year growth rate of 62.4%. The firm is expected to issue its next earnings report after the market closes on Wednesday, April 24th.

On average, analysts expect that Tesla will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from ($1.95) to $3.80. For the next fiscal year, analysts forecast that the business will report earnings of $6.00 per share, with EPS estimates ranging from $4.02 to $7.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Tesla.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the previous year, the firm earned ($3.04) earnings per share. The business’s revenue was up 119.8% compared to the same quarter last year.

A number of research firms have recently commented on TSLA. Zacks Investment Research cut Tesla from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group set a $400.00 target price on Tesla and gave the stock a “buy” rating in a research report on Monday, April 8th. ValuEngine upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Royal Bank of Canada reiterated a “sell” rating and set a $210.00 target price on shares of Tesla in a research report on Thursday, April 4th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $210.00 target price on shares of Tesla in a research report on Thursday, April 4th. Sixteen research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Tesla currently has a consensus rating of “Hold” and a consensus price target of $313.38.

Shares of TSLA traded down $1.11 during midday trading on Thursday, reaching $261.64. 201,354 shares of the stock were exchanged, compared to its average volume of 8,640,189. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.83. Tesla has a twelve month low of $247.77 and a twelve month high of $387.46. The stock has a market capitalization of $47.20 billion, a P/E ratio of -45.84 and a beta of 0.35.

In other Tesla news, insider Jerome M. Guillen sold 1,000 shares of Tesla stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $305.42, for a total value of $305,420.00. Following the sale, the insider now owns 8,860 shares of the company’s stock, valued at approximately $2,706,021.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of Tesla stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $293.66, for a total value of $4,404,900.00. Following the completion of the sale, the insider now directly owns 321,398 shares in the company, valued at approximately $94,381,736.68. The disclosure for this sale can be found here. Insiders sold a total of 98,040 shares of company stock worth $28,575,874 in the last ninety days. 22.80% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of TSLA. The Manufacturers Life Insurance Company lifted its position in shares of Tesla by 320.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 22,410 shares of the electric vehicle producer’s stock valued at $5,934,000 after acquiring an additional 17,080 shares during the period. Pacer Advisors Inc. raised its holdings in Tesla by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 6,570 shares of the electric vehicle producer’s stock valued at $1,740,000 after acquiring an additional 1,015 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Tesla in the 3rd quarter valued at $646,000. Mackenzie Financial Corp raised its holdings in Tesla by 41.7% in the 3rd quarter. Mackenzie Financial Corp now owns 1,325 shares of the electric vehicle producer’s stock valued at $351,000 after acquiring an additional 390 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Tesla by 6.0% in the 3rd quarter. Macquarie Group Ltd. now owns 66,376 shares of the electric vehicle producer’s stock valued at $17,575,000 after acquiring an additional 3,780 shares during the last quarter. Institutional investors own 59.50% of the company’s stock.

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.

Recommended Story: How can you know how many shares are floating?

Get a free copy of the Zacks research report on Tesla (TSLA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.