Piper Sandler has been one of the first research equities to provide estimates into the Q1 2022 earnings of TSLA in a 24th March research note. A. Potter, one of the analysts for the firm, has predicted that the producer of electric vehicles would be posting an EPS of around $1.39 for the current quarter. The brokerage has also provided estimates into the Q2 earnings with an EPS of $1.76, the Q3 earnings with an EPS of $1.90, and Q4 earnings with an EPS of $2.32.
The Quarterly Estimates of TSLA
The company previously updated its quarterly report on the 27th of January. The EPS reported by the company for the quarter was $0.80 as it beat the consensus estimate set at $0.63 by $0.17. The revenue for the business for the quarter was $10.70 billion, which was more than the consensus estimate set at $10.38 billion. The net margin for the company was 1.97%, while it enjoyed a 4.93% return on its equity,
There have been quite a few research equities that have commented on the stocks of TSLA. Zacks Investment has already increased the price rating of the company from hold to strong buy with a price target of $747 set on the stock in a 22nd December research report. Edward Jones has also issued a rating of hold on the stocks of the company. Mizuho Securities has issued a rating of buy. JPMorgan Chase & Co has increased the price target of the company from $125 to $135 with a rating of underweight in a 28th January research report.
Twelve research equities have issued the company with a rating of sell, while thirteen of them have provided it with a rating of hold. Close to nine of them have given it a rating of buy. TSLA has a hold rating with a $338.99 price target.
