Lion Electric (LEV) Set to Announce Earnings on Wednesday

Lion Electric (NYSE:LEV) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect Lion Electric to post earnings of ($0.07) per share for the quarter.

Lion Electric (NYSE:LEV) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. The business had revenue of $60.43 million during the quarter, compared to the consensus estimate of $93.39 million. On average, analysts expect Lion Electric to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lion Electric Stock Performance

Shares of LEV stock opened at $1.03 on Monday. Lion Electric has a 1 year low of $0.88 and a 1 year high of $2.68. The firm has a fifty day moving average price of $1.25 and a 200-day moving average price of $1.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.45 and a quick ratio of 0.73.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LEV shares. Roth Mkm reaffirmed a “buy” rating and issued a $2.50 price objective (down previously from $5.00) on shares of Lion Electric in a research note on Tuesday, April 23rd. CIBC decreased their target price on shares of Lion Electric from $1.70 to $1.40 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. National Bankshares dropped their price target on shares of Lion Electric from $2.25 to $1.75 and set a “sector perform” rating for the company in a research report on Friday, March 1st. DA Davidson reduced their price objective on shares of Lion Electric from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Finally, Desjardins cut shares of Lion Electric from a “buy” rating to a “hold” rating and lowered their target price for the company from $4.00 to $2.50 in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.34.

About Lion Electric

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