Nikola (NKLA) to Release Quarterly Earnings on Tuesday

Nikola (NASDAQ:NKLA) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Nikola to post earnings of ($0.10) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Nikola (NASDAQ:NKLA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $11.53 million for the quarter, compared to analyst estimates of $14.52 million. During the same period in the previous year, the company posted ($0.46) earnings per share. On average, analysts expect Nikola to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nikola Stock Up 7.3 %

NASDAQ:NKLA opened at $0.66 on Friday. The firm has a market capitalization of $891.69 million, a P/E ratio of -0.52 and a beta of 2.10. The company’s fifty day moving average price is $0.74 and its 200-day moving average price is $0.82. Nikola has a 1-year low of $0.52 and a 1-year high of $3.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.96.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wolfe Research started coverage on Nikola in a research note on Tuesday, April 9th. They set a “peer perform” rating for the company. Robert W. Baird initiated coverage on Nikola in a research report on Wednesday, January 24th. They set an “outperform” rating and a $2.00 price target for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $1.00 price target on shares of Nikola in a report on Tuesday, March 5th.

Insider Transactions at Nikola

In other Nikola news, insider Joseph R. Pike sold 75,162 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $0.68, for a total value of $51,110.16. Following the sale, the insider now directly owns 429,790 shares of the company’s stock, valued at $292,257.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Nikola Company Profile

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.