Brokerages Expect Electric Last Mile Solutions, Inc. (NASDAQ:ELMS) Will Post Earnings of -$0.43 Per Share

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

According to Zacks, analysts expect that Electric Last Mile Solutions will report full year earnings of ($1.10) per share for the current year. For the next year, analysts expect that the firm will post earnings of ($0.25) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Electric Last Mile Solutions.

ELMS has been the topic of several analyst reports. Colliers Securities lowered Electric Last Mile Solutions from a “buy” rating to a “neutral” rating in a research note on Thursday, February 3rd. Benchmark cut Electric Last Mile Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, February 3rd. Zacks Investment Research downgraded Electric Last Mile Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. BTIG Research downgraded Electric Last Mile Solutions from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 2nd. Finally, Jefferies Financial Group downgraded Electric Last Mile Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $2.50 in a research report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.92.

Hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Electric Last Mile Solutions during the 4th quarter worth approximately $229,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Electric Last Mile Solutions during the 4th quarter worth $813,000. Veritable L.P. acquired a new stake in shares of Electric Last Mile Solutions in the third quarter worth $372,000. Centiva Capital LP acquired a new stake in shares of Electric Last Mile Solutions in the third quarter worth $80,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Electric Last Mile Solutions during the third quarter worth $97,000. 9.61% of the stock is owned by institutional investors.

NASDAQ ELMS opened at $0.89 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.48 and a debt-to-equity ratio of 0.11. Electric Last Mile Solutions has a one year low of $0.89 and a one year high of $12.00. The stock has a 50 day moving average price of $1.47 and a 200-day moving average price of $4.81.

Electric Last Mile Solutions Company Profile (Get Rating)

Electric Last Mile Solutions, Inc, a commercial electric vehicle solutions company, focuses on designing, engineering, manufacturing, and customizing electric ‘last mile' delivery and utility vehicles. It offers Class 1 commercial electric vehicle in the U.S. market and focuses on producing Class 3 Urban Utility electric vehicle.

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

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