Zacks Research Analysts Raise Earnings Estimates for Tesla

Tesla, Inc. (NASDAQ:TSLA) – Equities research analysts at Zacks Research lifted their Q4 2026 earnings estimates for Tesla in a report issued on Monday, March 3rd. Zacks Research analyst R. Singhi now anticipates that the electric vehicle producer will post earnings of $1.16 per share for the quarter, up from their previous estimate of $1.15. The consensus estimate for Tesla’s current full-year earnings is $2.56 per share.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%.

A number of other research firms have also commented on TSLA. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday, January 6th. Evercore ISI boosted their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Bank of America dropped their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity Group upped their target price on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $315.33.

Tesla Stock Down 4.4 %

Shares of NASDAQ TSLA opened at $272.11 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a 50-day moving average price of $378.63 and a 200-day moving average price of $318.40. The stock has a market capitalization of $875.24 billion, a P/E ratio of 133.39, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla has a 1 year low of $138.80 and a 1 year high of $488.54.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,996 shares of company stock worth $118,467,387. 20.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently made changes to their positions in the business. Audent Global Asset Management LLC boosted its stake in Tesla by 4.4% during the fourth quarter. Audent Global Asset Management LLC now owns 1,386 shares of the electric vehicle producer’s stock worth $560,000 after buying an additional 58 shares during the period. BridgePort Financial Solutions LLC bought a new stake in shares of Tesla in the 4th quarter worth about $428,000. Park Square Financial Group LLC purchased a new position in shares of Tesla during the 4th quarter worth about $813,000. Total Wealth Planning & Management Inc. bought a new position in Tesla during the 4th quarter valued at about $455,000. Finally, Menard Financial Group LLC raised its position in Tesla by 47.2% in the 4th quarter. Menard Financial Group LLC now owns 4,449 shares of the electric vehicle producer’s stock worth $1,797,000 after purchasing an additional 1,427 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.