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

Lion Electric (NYSE:LEV) is scheduled to be announcing 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 released its earnings results on Thursday, February 29th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $60.43 million for the quarter, compared to analyst estimates of $93.39 million. Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. 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 Trading Down 2.5 %

Shares of LEV opened at $0.90 on Wednesday. Lion Electric has a 1 year low of $0.88 and a 1 year high of $2.68. The company has a current ratio of 2.45, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.59.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Roth Mkm reiterated a “buy” rating and set a $2.50 price target (down previously from $5.00) on shares of Lion Electric in a report on Tuesday, April 23rd. DA Davidson cut 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. 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 cut their target price on Lion Electric from $2.25 to $1.75 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Finally, Desjardins cut Lion Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $4.00 to $2.50 in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.34.

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.