Lion Electric (LEV) Scheduled to Post Quarterly Earnings on Wednesday

Lion Electric (NYSE:LEV) is set to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Lion Electric (NYSE:LEV) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $60.43 million during the quarter, compared to analyst estimates of $93.39 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 22.01%. On average, analysts expect Lion Electric to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lion Electric Stock Up 3.9 %

Lion Electric stock opened at $1.07 on Tuesday. The stock’s 50 day moving average is $1.25 and its 200 day moving average is $1.57. The company has a quick ratio of 0.73, a current ratio of 2.45 and a debt-to-equity ratio of 0.62. Lion Electric has a one year low of $0.88 and a one year high of $2.68.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEV. Desjardins lowered shares of Lion Electric from a “buy” rating to a “hold” rating and reduced their price objective for the company from $4.00 to $2.50 in a research note on Friday, March 1st. CIBC lowered their price objective on Lion Electric from $1.70 to $1.40 and set a “neutral” rating for the company in a research report on Monday, April 22nd. National Bankshares decreased their target price on Lion Electric from $2.25 to $1.75 and set a “sector perform” rating for the company in a research note on Friday, March 1st. DA Davidson dropped their price target on Lion Electric from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $2.50 price objective (down previously from $5.00) on shares of Lion Electric in a research report on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.34.

Lion Electric Company Profile

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.