Brokerages Anticipate The Lion Electric Company (NYSE:LEV) Will Post Earnings of -$0.07 Per Share

Wall Street brokerages forecast that The Lion Electric Company (NYSE:LEVGet Rating) will post earnings per share (EPS) of ($0.07) for the current quarter, Zacks reports. Three analysts have provided estimates for Lion Electric’s earnings, with estimates ranging from ($0.07) to ($0.06). Lion Electric also reported earnings per share of ($0.07) during the same quarter last year. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lion Electric will report full year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.21). For the next financial year, analysts forecast that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.31) to ($0.17). Zacks’ EPS averages are an average based on a survey of research analysts that cover Lion Electric.

Lion Electric (NYSE:LEVGet Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lion Electric had a negative return on equity of 10.19% and a negative net margin of 33.87%. The company had revenue of $22.87 million for the quarter.

A number of brokerages have recently commented on LEV. National Bankshares lowered their price target on Lion Electric from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Raymond James dropped their target price on Lion Electric from $11.00 to $7.50 and set a “market perform” rating on the stock in a report on Thursday. Canaccord Genuity Group began coverage on Lion Electric in a research note on Tuesday, March 8th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Investment Research upgraded Lion Electric from a “strong sell” rating to a “hold” rating and set a $7.00 price target for the company in a research note on Tuesday, May 3rd. Finally, BMO Capital Markets downgraded Lion Electric from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $22.00 to $7.00 in a research note on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.92.

Institutional investors and hedge funds have recently made changes to their positions in the business. Lake Street Financial LLC increased its stake in Lion Electric by 22.2% in the 1st quarter. Lake Street Financial LLC now owns 30,830 shares of the company’s stock worth $259,000 after acquiring an additional 5,600 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Lion Electric by 2.4% during the first quarter. CIBC Asset Management Inc now owns 89,598 shares of the company’s stock valued at $753,000 after buying an additional 2,114 shares during the period. Pembroke Management LTD grew its position in Lion Electric by 3.3% in the 1st quarter. Pembroke Management LTD now owns 600,720 shares of the company’s stock valued at $6,308,000 after acquiring an additional 19,138 shares during the last quarter. Wolverine Asset Management LLC increased its stake in Lion Electric by 31.5% in the 1st quarter. Wolverine Asset Management LLC now owns 20,629 shares of the company’s stock worth $173,000 after buying an additional 4,940 shares during the period. Finally, Richelieu Gestion PLC purchased a new stake in shares of Lion Electric in the first quarter valued at approximately $2,402,000.

Shares of NYSE:LEV traded down $0.22 during trading on Monday, reaching $5.69. The stock had a trading volume of 18,245 shares, compared to its average volume of 741,960. The stock has a market capitalization of $1.08 billion, a PE ratio of -14.97 and a beta of 2.00. Lion Electric has a 52 week low of $5.82 and a 52 week high of $23.45. The business’s 50-day moving average price is $7.58 and its 200 day moving average price is $9.21.

About Lion Electric (Get Rating)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.

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