Several brokerages from Wall Street have expected that the stocks of TSLA would be reporting a sales sum of $11.37 billion for the quarter. According to the report, six of the investment analysts have already given the company an earnings estimate for the quarter. The ball has been rolled at a sum of $10.21 billion, with the highest range coming in at $12.73 billion.
The sales sum reported by the company the previous year was $6.04 billion, which is indicative of an annual growth rate of 88.2%. The company will be putting up its next quarterly report on the 28th of July.
The Quarterly Estimates Of TSLA
TSLA previously updated its quarterly reports on the 25th of April. The producer of electric vehicles reported an EPS of $0.93 which was more than the consensus estimate of $0.79. The revenue generated by the company during this period was $10.39 billion, which was more than the consensus estimate of $9.89 billion. The return on equity for the company during this period was 4.93%, with a 1.97% net margin.
There have been quite a few research equities that have already commented on the stocks of TSLA. JMP Securities has already reduced the rating of the company from outperform to market perform in a 28th January research report. Wedbush has also reiterated the rating of buy with a price target of $1000 in a 9th April research report. Roth Capital has also increased the price target to $150 with a rating of neutral.
The stocks of TSLA traded on Tuesday at $629.04. The current ratio of the company is 1.63, with a 1.32 quick ratio, and a 0.63 debt-to-equity ratio. The market cap of the firm is $605.97 billion, with a 1,263.13 PE ratio, with a PEG ratio of 8.81. The moving average price of the company over 50 days is $686.75, with a moving average price of the company over 200 days is $667.73. The year low of the company was $152.66, with the year high of $900.40.
