Tesla (TSLA) Expected to Announce Earnings on Wednesday

Tesla (NASDAQ:TSLA) is expected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $27,120,965.53 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts expect Tesla to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tesla Trading Down 0.6 %

Shares of NASDAQ:TSLA opened at $424.07 on Wednesday. The company has a market cap of $1.36 trillion, a PE ratio of 116.18, a price-to-earnings-growth ratio of 8.60 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $391.47 and a 200 day moving average of $290.05. Tesla has a 12-month low of $138.80 and a 12-month high of $488.54.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Truist Financial reaffirmed a “hold” rating and issued a $360.00 price objective on shares of Tesla in a research note on Thursday, January 2nd. UBS Group upped their price objective on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective on the stock in a research note on Thursday, October 24th. Piper Sandler upped their price target on shares of Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Evercore ISI upped their price objective on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $304.94.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 621,886 shares of company stock worth $213,451,751. Insiders own 20.70% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.