Zacks Research Issues Optimistic Outlook for Tesla Earnings

Tesla, Inc. (NASDAQ:TSLA) – Equities researchers at Zacks Research raised their Q4 2026 earnings per share (EPS) estimates for Tesla in a research note issued to investors on Monday, March 3rd. Zacks Research analyst R. Singhi now forecasts that the electric vehicle producer will earn $1.16 per share for the quarter, up from their previous forecast of $1.15. The consensus estimate for Tesla’s current full-year earnings is $2.56 per share.

Other equities research analysts have also recently issued reports about the stock. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their target price on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group reissued a “cautious” rating on shares of Tesla in a research report on Monday. Mizuho reaffirmed an “outperform” rating and set a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. Finally, Morgan Stanley reissued a “top pick” rating and issued a $430.00 price objective on shares of Tesla in a report on Monday. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $315.33.

Tesla Stock Up 2.6 %

Shares of NASDAQ:TSLA opened at $279.10 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $374.97 and a 200-day simple moving average of $318.13. The company has a market capitalization of $897.73 billion, a PE ratio of 136.81, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%.

Institutional Investors Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Castle Rock Wealth Management LLC lifted its position in shares of Tesla by 15.5% in the fourth quarter. Castle Rock Wealth Management LLC now owns 3,725 shares of the electric vehicle producer’s stock valued at $1,504,000 after acquiring an additional 499 shares in the last quarter. Audent Global Asset Management LLC lifted its stake in shares of Tesla by 4.4% during the 4th quarter. Audent Global Asset Management LLC now owns 1,386 shares of the electric vehicle producer’s stock worth $560,000 after purchasing an additional 58 shares during the period. BridgePort Financial Solutions LLC acquired a new stake in Tesla in the 4th quarter worth about $428,000. Park Square Financial Group LLC acquired a new position in shares of Tesla during the 4th quarter valued at about $813,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Tesla during the 4th quarter worth about $455,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now directly owns 23,084 shares of the company’s stock, valued at approximately $6,833,325.68. This trade represents a 20.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 422,386 shares of company stock worth $153,916,675. 20.70% of the stock is owned by corporate insiders.

Tesla Company Profile

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.