The Lion Electric Company (TSE:LEV – Free Report) – Stock analysts at B. Riley cut their Q3 2024 earnings per share estimates for shares of Lion Electric in a research report issued to clients and investors on Tuesday, April 30th. B. Riley analyst C. Souther now expects that the company will post earnings of ($0.07) per share for the quarter, down from their previous estimate of ($0.05). The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. B. Riley also issued estimates for Lion Electric’s Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.38) EPS and FY2025 earnings at $0.16 EPS.
Lion Electric (TSE:LEV – Get Free Report) last released its earnings results on Thursday, February 29th. The company reported C($0.17) EPS for the quarter, missing the consensus estimate of C($0.13) by C($0.04). The firm had revenue of C$82.28 million during the quarter, compared to analyst estimates of C$128.31 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%.
Check Out Our Latest Research Report on LEV
Lion Electric Stock Up 3.2 %
Shares of Lion Electric stock opened at C$1.29 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.45 and a debt-to-equity ratio of 88.29. Lion Electric has a 12 month low of C$1.22 and a 12 month high of C$3.53. The business has a fifty day simple moving average of C$1.74 and a 200 day simple moving average of C$2.15. The stock has a market cap of C$291.82 million, a PE ratio of -2.05 and a beta of 2.62.
About Lion Electric
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.
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