Several brokerages have already predicted that the stocks of TSLA would be announcing its quarterly sales of $11.38 billion for this quarter. Six of the investment analysts have already provided estimates into the earnings of the company, with the lowest coming in at $10.21 billion, and the highest coming in at $12.83 billion.
The sales reported by the company the previous year were $6.04 billion, which suggests an annual increase of 88.4%. The company will be posting its quarterly results on the 28th of July.
The Quarterly Report Of TSLA
TSLA did publish its quarterly results on the 25th of April. The EPS reported by the company during this period was $0.93, with the consensus estimate set at $0.79. The revenue generated by the company during this period was $10.39 billion, with a consensus estimate of $9.89 billion. The return on equity for the company is 6.13%, with the net margin of the company is 3.18%.
There have been quite a number of research equities that have commented on the stocks of TSLA. UBS Group has already reduced the price target of the company to $700 with a rating of neutral in a 21st May research report.
Wells Fargo & Company has already put up a rating of equal weight with a price target of $590 in a 24th May research report. Mizuho Securities has also increased the price target of the company to $820 with a rating of buy in a 26th April research report.
Eleven investment analysts have already given the stocks a rating of sell, while twelve of them have given them a rating of hold. Twelve of the investment analysts have given their company a rating of buy. TSLA has a hold rating with a $467.86 price target.
The stocks of TSLA traded on Thursday at $604.87. The market cap of the firm is $582.69 billion, with a 604.87 PE ratio, and a PEG ratio of 6.24. The current ratio of the company is 1.6, with a quick ratio set at 1.38. The year low of the company is $187.43, with the year high set at $900.40.