Wall Street brokerages forecast that GreenPower Motor Company Inc. (NASDAQ:GP – Get Rating) will announce $8.34 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for GreenPower Motor’s earnings, with the highest sales estimate coming in at $10.67 million and the lowest estimate coming in at $6.00 million. GreenPower Motor reported sales of $4.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 90.4%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that GreenPower Motor will report full year sales of $20.75 million for the current year, with estimates ranging from $18.40 million to $23.09 million. For the next year, analysts expect that the firm will post sales of $67.36 million, with estimates ranging from $40.00 million to $94.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow GreenPower Motor.
GreenPower Motor (NASDAQ:GP – Get Rating) last posted its quarterly earnings data on Friday, February 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). The business had revenue of $5.31 million during the quarter, compared to analyst estimates of $5.78 million. GreenPower Motor had a negative return on equity of 29.54% and a negative net margin of 63.85%.
Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of GreenPower Motor by 14.5% during the second quarter. Morgan Stanley now owns 13,247 shares of the company’s stock worth $260,000 after buying an additional 1,680 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of GreenPower Motor by 6.8% in the third 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. Advisor Group Holdings Inc. lifted its position in shares of GreenPower Motor by 397.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 12,079 shares of the company’s stock worth $115,000 after purchasing an additional 9,650 shares in the last quarter. F3Logic LLC acquired a new position in GreenPower Motor during the third quarter worth $156,000. Finally, Inspire Advisors LLC bought a new position in GreenPower Motor in the third quarter valued at $164,000. Institutional investors own 19.88% of the company’s stock.
GreenPower Motor stock remained flat at $$7.73 on Friday. The company’s stock had a trading volume of 80,467 shares, compared to its average volume of 194,354. GreenPower Motor has a one year low of $4.91 and a one year high of $21.43. The stock has a market cap of $178.49 million, a PE ratio of -15.69 and a beta of 5.33. The business has a fifty day moving average of $6.56.
About GreenPower Motor (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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