Tesla Motors, Inc. (NASDAQ:TSLA) Quarterly EPS Forecast At $
- Author: Zachary Reyes Mar 10, 2017,
Mar 10, 2017, 22:04
(NASDAQ:TSLA) reported its EPS in the last quarter as $-0.69/Share lagging the analyst estimate of $-0.43/Share by the difference of $-0.26. Stock has got OUTPERFORM rating from 7 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.21 billion. Guggenheim began coverage on Tesla in a research note on Wednesday, January 4th. Even the target price of Tesla by Bernstein was $250, with the analyst believing that there is now too many risks involved with the company and the investors are just expecting a bit too much. Oppenheimer Holdings Inc. reissued a market perform rating on shares of Tesla in a research note on Wednesday, November 30th. Baird reissued a buy rating on shares of Tesla in a research note on Wednesday, December 14th. (TSLA) is getting weaker by the somewhat negative sentiment (2.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Equal-Weight. Tesla now has a consensus rating of Hold and a consensus target price of $256.10. Tesla has a 1-year low of $178.19 and a 1-year high of $287.39. Company's distance from 20 day simple moving average is -6.00% and distance from 50-Day simple moving average is 0.04%. (TSLA) generated $-0.69 in earnings per share, missing the consensus estimate of $-0.43. Baillie Gifford & Co. now owns 13,289,548 shares of the electric vehicle producer's stock worth $2,839,843,000 after buying an additional 454,467 shares in the last quarter. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. Tesla's revenue was up 88.2% compared to the same quarter a year ago.
Quarterly EPS forecast is $-0.68.
In related news, Director Antonio J. Gracias sold 5,600 shares of the firm's stock in a transaction that occurred on Wednesday, January 25th.
The Stock now has the market capitalization of $39.28 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 1.87% and monthly volatility of 2.66% respectively. Following the transaction, the director now owns 5,600 shares of the company's stock, valued at $1,424,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. And with Model 3 only costing on average about $42,000, it can get further hard for the company to cut down on its cost to report a healthy gross margin.
Shares outstanding are recorded as 160.39 M and total shares floated are 126.17 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.10. The disclosure for this sale can be found here. According to their observations and findings, the stock could provide a high EPS of $0.86/share and a Low EPS of $-1.04/share. Norges Bank bought a new position in Tesla during the fourth quarter worth about $94,658,000. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer's stock worth $100,000 after buying an additional 62 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Tesla during the fourth quarter valued at $66,541,000. Sumitomo Mitsui Asset Management Company LTD now owns 281,004 shares of the electric vehicle producer's stock valued at $57,333,000 after buying an additional 239,600 shares during the period.