-$0.43 Earnings Per Share Expected for Electric Last Mile Solutions, Inc. (NASDAQ:ELMS) This Quarter

Brokerages expect Electric Last Mile Solutions, Inc. (NASDAQ:ELMSGet Rating) to post earnings per share (EPS) of ($0.43) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Electric Last Mile Solutions’ earnings. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Electric Last Mile Solutions will report full-year earnings of ($0.79) per share for the current fiscal year, with EPS estimates ranging from ($1.10) to ($0.47). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.17 per share, with EPS estimates ranging from ($0.25) to $0.58. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Electric Last Mile Solutions.

A number of brokerages recently weighed in on ELMS. DA Davidson downgraded shares of Electric Last Mile Solutions from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Wednesday, February 2nd. BTIG Research downgraded shares of Electric Last Mile Solutions from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 2nd. Cowen cut shares of Electric Last Mile Solutions from an “outperform” rating to a “market perform” rating and set a $6.00 price objective for the company. in a research report on Wednesday, February 2nd. Benchmark cut shares of Electric Last Mile Solutions from a “buy” rating to a “hold” rating in a report on Thursday, February 3rd. Finally, Wedbush downgraded Electric Last Mile Solutions from an “outperform” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research note on Wednesday, February 2nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.92.

ELMS traded up $0.01 during trading on Thursday, reaching $1.17. The company had a trading volume of 5,739 shares, compared to its average volume of 1,398,382. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.48 and a current ratio of 2.58. Electric Last Mile Solutions has a 12 month low of $0.90 and a 12 month high of $12.00. The business’s fifty day moving average price is $1.74 and its 200 day moving average price is $5.29.

A number of hedge funds have recently made changes to their positions in ELMS. Morgan Stanley bought a new stake in Electric Last Mile Solutions during the 2nd quarter valued at $1,045,000. Millennium Management LLC purchased a new position in Electric Last Mile Solutions during the 2nd quarter worth $933,000. Advisor Group Holdings Inc. boosted its holdings in Electric Last Mile Solutions by 27.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 13,539 shares of the company’s stock worth $99,000 after acquiring an additional 2,915 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Electric Last Mile Solutions during the 3rd quarter worth $1,756,000. Finally, Jennison Associates LLC purchased a new position in Electric Last Mile Solutions during the 3rd quarter worth $5,812,000. Institutional investors and hedge funds own 9.61% of the company’s stock.

Electric Last Mile Solutions Company Profile (Get Rating)

Electric Last Mile, Inc designs and manufactures last mile delivery electric vehicles. The company was incorporated in 2020 and is based in Auburn Hills, Michigan.

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Earnings History and Estimates for Electric Last Mile Solutions (NASDAQ:ELMS)

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