Analysts Anticipate GreenPower Motor Company Inc. (NASDAQ:GP) to Announce -$0.05 EPS

Analysts predict that GreenPower Motor Company Inc. (NASDAQ:GPGet Rating) will announce ($0.05) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for GreenPower Motor’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.03). GreenPower Motor posted earnings per share of ($0.13) in the same quarter last year, which indicates a positive year over year growth rate of 61.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, 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 financial year, analysts forecast that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.15) to $0.13. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover GreenPower Motor.

GreenPower Motor (NASDAQ:GPGet Rating) last issued its earnings results on Friday, February 11th. The company reported ($0.13) earnings per share for the quarter, missing the 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 business had revenue of $5.31 million for the quarter, compared to analyst estimates of $5.78 million.

Several analysts have recently weighed in on GP shares. Maxim Group decreased their target price on shares of GreenPower Motor from $22.00 to $14.00 in a research report on Thursday, February 10th. BTIG Research reiterated a “buy” rating and set a $21.00 target price on shares of GreenPower Motor in a research report on Friday, February 11th. Zacks Investment Research upgraded shares of GreenPower Motor from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Finally, Roth Capital upgraded shares of GreenPower Motor from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, February 15th.

A number of large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new position in shares of GreenPower Motor in the fourth quarter worth about $104,000. Advisor Group Holdings Inc. raised its stake 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 acquiring an additional 9,650 shares during the last quarter. F3Logic LLC bought a new position in shares of GreenPower Motor in the third quarter worth about $156,000. Inspire Advisors LLC bought a new position in shares of GreenPower Motor in the third quarter worth about $164,000. Finally, Millennium Management LLC bought a new position in shares of GreenPower Motor in the third quarter worth about $229,000. Hedge funds and other institutional investors own 19.88% of the company’s stock.

Shares of GreenPower Motor stock opened at $6.10 on Wednesday. The firm’s 50-day simple moving average is $6.70 and its 200-day simple moving average is $9.05. GreenPower Motor has a twelve month low of $4.91 and a twelve month high of $21.43.

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.

Featured Articles

Get a free copy of the Zacks research report on GreenPower Motor (GP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GreenPower Motor (NASDAQ:GP)

Receive News & Ratings for GreenPower Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenPower Motor and related companies with MarketBeat.com's FREE daily email newsletter.