Several research analysts have already predicted that the stocks of TSLA would be posting a sales sum of $9.67 billion for this quarter. According to a report, six of the analysts have already given estimates into the earnings of the company from $8.37 billion to $10.77 billion. The sales reported by the company the previous year was $5.99 billion- which implies an annual growth rate of about 61.4%. The company will be putting their next report of quarterly earnings on the 5th of May.
The Quarterly Estimates Of TSLA
The stocks of TSLA put out their previous quarterly report on the 27th of January. The producer of electric vehicles reported an EPS of $0.80 for that quarter, which was more than the consensus put forward by Zacks at $0.63. The revenue for the firm for this quarter was $10.70 billion, which was more than the consensus sum of $10.38 billion. The net margin for the company was 1.97%, with a 4.93% return on its equity.
There have been quite a few research equities that have commented on the stocks of TSLA. The Royal Bank of Canada has already increased the rating of the company from underperform to “sector perform” in a 7th January research report. Sanford C. Bernstein has also put up a rating of sell with a price target of $180 in a 9th March research report. Zacks Investment Research has also increased the rating from hold to strong-buy with a price target of around $747 in a 22nd December research note.
Roth Capital also put up a rating of neutral with a $150 price target. In the end, Jefferies Financial Group also put up a rating of hold on TSLA with a price target of around $00 in a 29th March research report.
