FY2023 EPS Estimates for The Lion Electric Company (TSE:LEV) Raised by Analyst

The Lion Electric Company (TSE:LEV – Get Rating) – Desjardins boosted their FY2023 EPS estimates for Lion Electric in a report released on Tuesday, May 9th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of ($0.42) for the year, up from their prior forecast of ($0.44). The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. Desjardins also issued estimates for Lion Electric’s FY2024 earnings at ($0.29) EPS and FY2025 earnings at $0.12 EPS.

Lion Electric (TSE:LEV – Get Rating) last announced its quarterly earnings data on Friday, March 10th. The company reported C($0.12) earnings per share for the quarter, topping the consensus estimate of C($0.16) by C$0.04. The firm had revenue of C$63.50 million during the quarter, compared to analysts’ expectations of C$60.62 million. Lion Electric had a return on equity of 4.41% and a net margin of 12.70%.

Separately, Raymond James decreased their price objective on Lion Electric to C$2.50 in a research note on Tuesday, March 14th.

Lion Electric Price Performance

LEV opened at C$2.81 on Friday. The company has a fifty day moving average price of C$2.75 and a two-hundred day moving average price of C$3.22. The firm has a market capitalization of C$628.09 million, a PE ratio of 24.25 and a beta of 2.72. Lion Electric has a 52 week low of C$2.25 and a 52 week high of C$7.75. The company has a debt-to-equity ratio of 39.85, a quick ratio of 1.33 and a current ratio of 3.99.

Lion Electric Company Profile

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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.