National Bank Financial Comments on The Lion Electric Company’s Q1 2023 Earnings (TSE:LEV)

The Lion Electric Company (TSE:LEV – Get Rating) – Investment analysts at National Bank Financial issued their Q1 2023 earnings per share estimates for Lion Electric in a report released on Sunday, March 12th. National Bank Financial analyst R. Merer anticipates that the company will earn ($0.19) per share for the quarter. The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. National Bank Financial also issued estimates for Lion Electric’s FY2023 earnings at ($0.66) EPS and FY2024 earnings at ($0.18) EPS.

Separately, Raymond James reduced their price target on Lion Electric to C$2.50 in a report on Tuesday.

Lion Electric Trading Down 4.7 %

Shares of LEV opened at C$2.81 on Wednesday. The company has a market capitalization of C$621.09 million, a P/E ratio of 6.85 and a beta of 2.73. Lion Electric has a one year low of C$2.50 and a one year high of C$11.52. The company has a debt-to-equity ratio of 39.85, a quick ratio of 1.33 and a current ratio of 3.99. The stock has a 50-day moving average price of C$3.20 and a 200 day moving average price of C$3.67.

About Lion Electric

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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.