Wall Street analysts forecast that The Lion Electric Company (NYSE:LEV – Get Rating) will post earnings per share of ($0.09) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Lion Electric’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.06). Lion Electric reported earnings of ($0.07) per share during the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Lion Electric will report full-year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.41) to ($0.24). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.35) per share, with EPS estimates ranging from ($0.58) to ($0.17). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lion Electric.
Lion Electric (NYSE:LEV – Get Rating) last issued its earnings results on Thursday, February 24th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lion Electric had a negative return on equity of 10.19% and a negative net margin of 33.87%. The firm had revenue of $22.87 million for the quarter.
Several institutional investors have recently made changes to their positions in LEV. XTX Topco Ltd acquired a new stake in Lion Electric in the 1st quarter worth approximately $96,000. Mackenzie Financial Corp lifted its holdings in shares of Lion Electric by 50.6% during the first quarter. Mackenzie Financial Corp now owns 42,773 shares of the company’s stock worth $360,000 after buying an additional 14,377 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Lion Electric by 17.5% during the first quarter. Vanguard Group Inc. now owns 34,022 shares of the company’s stock worth $285,000 after buying an additional 5,061 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Lion Electric by 4.1% during the first quarter. Cibc World Market Inc. now owns 231,079 shares of the company’s stock worth $1,941,000 after buying an additional 9,116 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Lion Electric by 195.4% during the first quarter. BlackRock Inc. now owns 33,999 shares of the company’s stock worth $286,000 after buying an additional 22,490 shares during the last quarter.
NYSE LEV traded up $0.14 on Monday, reaching $5.35. The company had a trading volume of 767,746 shares, compared to its average volume of 673,505. The firm has a market capitalization of $1.01 billion, a PE ratio of -14.08 and a beta of 2.00. Lion Electric has a 1 year low of $4.73 and a 1 year high of $23.45. The firm has a 50-day moving average of $7.33 and a 200-day moving average of $9.00.
About Lion Electric (Get Rating)
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.
- Get a free copy of the StockNews.com research report on Lion Electric (LEV)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lion Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lion Electric and related companies with MarketBeat.com's FREE daily email newsletter.