-$0.05 Earnings Per Share Expected for GreenPower Motor Company Inc. (NASDAQ:GP) This Quarter

Equities research analysts expect GreenPower Motor Company Inc. (NASDAQ:GP – Get Rating) to report ($0.05) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for GreenPower Motor’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.07). GreenPower Motor reported earnings per share of ($0.13) during the same quarter last year, which suggests a positive year over year growth rate of 61.5%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that GreenPower Motor will report full year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.40). For the next year, analysts expect that the company will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.15) to $0.13. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for GreenPower Motor.

GreenPower Motor (NASDAQ:GP – Get Rating) last announced its quarterly earnings data on Friday, February 11th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.05). GreenPower Motor had a negative net margin of 63.85% and a negative return on equity of 29.54%. The company had revenue of $5.31 million for the quarter, compared to analysts’ expectations of $5.78 million.

Several research firms have commented on GP. Roth Capital raised shares of GreenPower Motor from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, February 15th. BTIG Research reissued a “buy” rating and issued a $21.00 target price on shares of GreenPower Motor in a research report on Friday, February 11th. Zacks Investment Research raised shares of GreenPower Motor from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Finally, Maxim Group reduced their price objective on shares of GreenPower Motor from $22.00 to $14.00 in a research note on Thursday, February 10th.

A number of large investors have recently added to or reduced their stakes in GP. Morgan Stanley raised its stake in GreenPower Motor by 81.4% during the 1st quarter. Morgan Stanley now owns 11,567 shares of the company’s stock valued at $288,000 after purchasing an additional 5,189 shares during the last quarter. Vontobel Holding Ltd. raised its stake in GreenPower Motor by 6.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 65,588 shares of the company’s stock valued at $976,000 after purchasing an additional 4,169 shares during the last quarter. Inspire Advisors LLC acquired a new position in GreenPower Motor during the 3rd quarter valued at $164,000. F3Logic LLC acquired a new position in GreenPower Motor during the 3rd quarter valued at $156,000. Finally, Invesco Ltd. raised its stake in GreenPower Motor by 3.8% during the 3rd quarter. Invesco Ltd. now owns 2,146,078 shares of the company’s stock valued at $31,934,000 after purchasing an additional 77,770 shares during the last quarter. Hedge funds and other institutional investors own 19.88% of the company’s stock.

GP remained flat at $$7.73 on Wednesday. 80,467 shares of the company were exchanged, compared to its average volume of 194,354. The stock has a 50-day moving average price of $6.56. GreenPower Motor has a 52-week low of $4.91 and a 52-week high of $21.43. The stock has a market capitalization of $178.49 million, a PE ratio of -15.69 and a beta of 5.33.

GreenPower Motor Company Profile (Get Rating)

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis.

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