The research analysts working at Piper Sandler have already reduced the FY2021 earnings of the stocks of TSLA in a 27th April research report. A. Potter, one of the main analysts working at the brokerage, has already predicted that the company will be putting up an EPS of $3 from a previous expectation of $3.16.
The Quarterly Report Of TSLA
TSLA did end up announcing its quarterly report on the 25th of April. The producer of electric vehicles reported an EPS of $0.93 for the quarter, which was more than the consensus estimate of $0.79. The return on equity for the company over this period was 4.93%, with a 1.97% net margin. The revenue generated by the company during this period was $10.39 billion, which is more than the consensus estimate of $9.89 billion.
There have been quite a few research equities that have commented on the stocks of TSLA. JMP Securities has already reduced the rating of the company from outperform to market perform in a 28th January research report. BNP Paribas has also reduced the price rating of the company from neutral to underperform with a price target of $340 in a 5th January research report.
FIX has also increased the rating of the company to buy in a 9th March research report. Roth Capital has come up with a rating of neutral with a price target of $150 in a 28th January research report. JPMorgan Chase & Co has also increased the price target from $135 to $155 with a rating of underweight in a 5th April research report.
Eleven other analysts have given the company a rating of sell, while eleven others have given it a rating of hold. Close to twelve other research analysts have also given the company a rating of buy. Currently, TSLA has a hold rating with a $421.93 price target.