12.9 C
Wednesday, April 21, 2021

TSLA Will Have A Sales Sum Of $9.49 Billion For This Quarter

Several analysts working at Wall Street have forecasted that the stocks of TSLA will be posting a sales sum of $9.49 billion for this current quarter. According to a report issued by Zacks Investment Research, six analysts have already dished out the estimates into the earnings of the company- with the ball rolling at $8.37 billion, with a ceiling of $10.77 billion. The previous year saw the company with a sales sum of $5.99 billion, which indicates an annual growth rate of about 58.4%. TSLA will be putting up its next quarterly report on the 5th of May. 

The Quarterly Estimates of TSLA

Interestingly, the company had put up their previous report of quarterly earnings on the 27th of January. The producer of electric vehicles had reported an EPS of $0.80 for the previous quarter, which was more than the consensus estimate of $0.63. The revenue earned by TSLA during the year was $10.70 billion- which was more than the consensus estimate of $10.38 billion. The firm also reported a 4.93% return on equity, with a 1.97% net margin.

- Advertisement -

There have been several research equities that have commented on the stocks of TSLA. BNP Paribas has already reduced the rating of neutral to underperform, with a price target reduced from $385 to $340. This was later published in a 5th January research report. New Street Research has also gone the same with a rating cut from buy to neutral, with a price target set at $578 in a 10th December research report. Cfra has also reduced the rating of the company from ‘strong-buy’ to ‘hold’ in an 18th December research report. Jefferies Financial Group has also reduced the rating of the company from buy to hold.

Twelve of the investment analysts have already given the stocks of TSLA a rating of sell, while fourteen of them have already given it a rating of hold. Six analysts have given the company a rating of buy. The consensus rating of this company is hold, with a $338.99 price target. 

- Advertisement -

Follow Us


Latest news