Wall Street analysts expect The Lion Electric Company (NYSE:LEV) to report earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for The Lion Electric’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.07). The business is expected to report its next quarterly earnings results before the market opens on Friday, August 13th.
On average, analysts expect that The Lion Electric will report full year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.15). For the next fiscal year, analysts forecast that the company will report earnings of $0.00 per share, with EPS estimates ranging from ($0.06) to $0.08. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow The Lion Electric.
The Lion Electric (NYSE:LEV) last issued its quarterly earnings data on Monday, May 17th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The business had revenue of $6.23 million during the quarter, compared to analysts’ expectations of $5.40 million.
A number of hedge funds and other institutional investors have recently made changes to their positions in LEV. Wells Fargo & Company MN bought a new position in The Lion Electric during the fourth quarter valued at $36,000. ExodusPoint Capital Management LP purchased a new stake in shares of The Lion Electric during the fourth quarter worth $4,978,000. JPMorgan Chase & Co. purchased a new stake in shares of The Lion Electric during the fourth quarter worth $6,840,000. Janney Montgomery Scott LLC raised its position in shares of The Lion Electric by 16.9% in the first quarter. Janney Montgomery Scott LLC now owns 47,853 shares of the company’s stock worth $780,000 after buying an additional 6,930 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of The Lion Electric in the first quarter worth $190,000. 4.51% of the stock is owned by institutional investors and hedge funds.
LEV traded down $0.27 during midday trading on Thursday, reaching $14.97. 18,841 shares of the company were exchanged, compared to its average volume of 984,004. The stock has a fifty day moving average of $18.38. The Lion Electric has a one year low of $9.60 and a one year high of $35.25.
About The Lion Electric
The Lion Electric Company manufactures all-electric medium and heavy-duty urban vehicles in North America. It primarily offers buses and trucks. The company is based in Saint-JÃ©rÃ´me, Canada.
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