Nikola (NKLA) to Release Earnings on Thursday

Nikola (NASDAQ:NKLAGet Rating) is scheduled to release its earnings data before the market opens on Thursday, May 5th. Analysts expect Nikola to post earnings of ($0.37) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Nikola (NASDAQ:NKLAGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.07. During the same period last year, the firm posted ($0.38) earnings per share. On average, analysts expect Nikola to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

NASDAQ NKLA opened at $7.46 on Thursday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -4.29 and a beta of 0.84. Nikola has a twelve month low of $6.41 and a twelve month high of $19.52. The company has a current ratio of 2.91, a quick ratio of 2.84 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $8.39 and a 200 day moving average of $9.59.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Nikola from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft reduced their target price on Nikola from $19.00 to $11.00 and set a “hold” rating for the company in a report on Friday, February 25th. Cowen reduced their target price on Nikola from $25.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Wedbush reissued a “neutral” rating on shares of Nikola in a report on Thursday, March 24th. Finally, Zacks Investment Research cut Nikola from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.72.

Several hedge funds have recently bought and sold shares of NKLA. BlackRock Inc. grew its position in Nikola by 8.1% in the fourth quarter. BlackRock Inc. now owns 14,743,068 shares of the company’s stock worth $145,515,000 after acquiring an additional 1,100,729 shares during the period. State Street Corp grew its position in Nikola by 4.7% in the fourth quarter. State Street Corp now owns 4,568,789 shares of the company’s stock worth $45,094,000 after acquiring an additional 204,831 shares during the period. Bank of New York Mellon Corp grew its position in Nikola by 23.6% in the third quarter. Bank of New York Mellon Corp now owns 774,149 shares of the company’s stock worth $8,261,000 after acquiring an additional 147,736 shares during the period. Morgan Stanley grew its position in Nikola by 54.8% in the second quarter. Morgan Stanley now owns 694,697 shares of the company’s stock worth $12,546,000 after acquiring an additional 245,832 shares during the period. Finally, Marshall Wace LLP purchased a new position in Nikola in the fourth quarter worth approximately $4,788,000. Institutional investors and hedge funds own 43.70% of the company’s stock.

About Nikola (Get Rating)

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.

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Earnings History for Nikola (NASDAQ:NKLA)

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