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

The Lion Electric Company (TSE:LEVGet 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:LEVGet 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

(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.

Featured Stories

Earnings History and Estimates for Lion Electric (TSE:LEV)

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