Zacks Small Cap Analysts Decrease Earnings Estimates for Expion360 Inc. (NASDAQ:XPON)

Expion360 Inc. (NASDAQ:XPONFree Report) – Equities researchers at Zacks Small Cap reduced their FY2023 earnings per share (EPS) estimates for shares of Expion360 in a note issued to investors on Tuesday, November 14th. Zacks Small Cap analyst B. Lantier now expects that the company will earn ($1.00) per share for the year, down from their prior estimate of ($0.91). The consensus estimate for Expion360’s current full-year earnings is ($0.91) per share. Zacks Small Cap also issued estimates for Expion360’s Q4 2023 earnings at ($0.23) EPS, Q1 2024 earnings at ($0.22) EPS, Q2 2024 earnings at ($0.21) EPS, Q3 2024 earnings at ($0.22) EPS, Q4 2024 earnings at ($0.21) EPS and FY2024 earnings at ($0.86) EPS.

Expion360 Stock Performance

XPON opened at $3.90 on Thursday. The company has a current ratio of 6.92, a quick ratio of 3.23 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $4.42 and its 200-day moving average is $4.74. The stock has a market cap of $26.95 million, a PE ratio of -4.06 and a beta of 0.51. Expion360 has a twelve month low of $0.90 and a twelve month high of $7.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XPON. Jane Street Group LLC bought a new position in Expion360 during the second quarter valued at about $25,000. Citadel Advisors LLC bought a new position in shares of Expion360 during the 3rd quarter valued at about $25,000. Barclays PLC acquired a new position in shares of Expion360 in the 4th quarter worth approximately $29,000. Millennium Management LLC bought a new stake in shares of Expion360 in the 4th quarter worth approximately $34,000. Finally, Cahill Wealth Management LLC acquired a new stake in Expion360 during the first quarter valued at approximately $134,000. Institutional investors and hedge funds own 2.12% of the company’s stock.

About Expion360

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Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; terminal blocks; and bus bars.

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Earnings History and Estimates for Expion360 (NASDAQ:XPON)

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