Tesla (NASDAQ:TSLA) will post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Tesla to post earnings of ($1.55) per share for the quarter. Tesla has set its Q2 guidance at net loss EPS and its Q3 guidance at profitable EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.51) by ($1.59). The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Tesla had a negative return on equity of 18.23% and a negative net margin of 4.29%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the company earned ($3.35) earnings per share. On average, analysts expect Tesla to post $-5 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NASDAQ TSLA opened at $255.68 on Tuesday. The stock has a market capitalization of $44.85 billion, a PE ratio of -44.70 and a beta of 0.62. Tesla has a 52-week low of $176.99 and a 52-week high of $387.46. The business’s 50-day moving average price is $226.72. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.79.
Several research analysts recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $347.00 price target on shares of Tesla in a report on Monday, July 1st. Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Kion Group and gave the stock a “sell” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. increased their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Tuesday, July 2nd. Finally, UBS Group set a $170.00 target price on shares of United Rentals and gave the company a “buy” rating in a report on Friday, June 28th. Seventeen investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $281.97.
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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