Lion Electric (LEV) Set to Announce Quarterly Earnings on Wednesday

Lion Electric (NYSE:LEV) will be posting its quarterly earnings results 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 posted its earnings results on Thursday, February 29th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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 Trading Up 7.2 %

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

Analyst Upgrades and Downgrades

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