Brokerages Anticipate GreenPower Motor Company Inc. (NASDAQ:GP) Will Announce Earnings of -$0.05 Per Share


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Wall Street analysts expect that GreenPower Motor Company Inc. (NASDAQ:GP) will post earnings of ($0.05) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for GreenPower Motor’s earnings, with estimates ranging from ($0.07) to ($0.02). GreenPower Motor reported earnings per share of ($0.01) during the same quarter last year, which suggests a negative year over year growth rate of 400%. The firm is expected to report its next quarterly earnings results on Thursday, February 25th.

According to Zacks, analysts expect that GreenPower Motor will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.27) to ($0.16). For the next financial year, analysts forecast that the firm will post earnings of $0.30 per share, with EPS estimates ranging from $0.25 to $0.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow GreenPower Motor.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Thursday, November 12th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The business had revenue of $2.84 million for the quarter, compared to analysts’ expectations of $4.13 million.

GP has been the topic of a number of research analyst reports. Maxim Group boosted their target price on shares of GreenPower Motor from $22.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. BTIG Research started coverage on shares of GreenPower Motor in a research note on Monday, September 28th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, ValuEngine cut shares of GreenPower Motor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.75.

In other GreenPower Motor news, CEO Fraser Atkinson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were bought at an average cost of $12.55 per share, for a total transaction of $62,750.00. Following the purchase, the chief executive officer now owns 1,102,051 shares of the company’s stock, valued at approximately $13,830,740.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of GreenPower Motor during the 3rd quarter worth approximately $137,000. Morgan Stanley purchased a new position in shares of GreenPower Motor during the 3rd quarter worth approximately $50,000. Finally, Guild Investment Management Inc. purchased a new position in shares of GreenPower Motor during the 3rd quarter worth approximately $822,000. 7.61% of the stock is currently owned by institutional investors and hedge funds.

GP opened at $30.74 on Thursday. The stock has a market cap of $633.67 million and a price-to-earnings ratio of -236.44. GreenPower Motor has a twelve month low of $8.22 and a twelve month high of $34.45. The company’s 50-day moving average price is $25.03 and its two-hundred day moving average price is $17.35.

About GreenPower Motor

GreenPower Motor Company Inc develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. It offers all-electric transit, school, and charter buses. The company is based in Vancouver, Canada.

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Earnings History and Estimates for GreenPower Motor (NASDAQ:GP)

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