Brokers Issue Forecasts for GreenPower Motor Company Inc.'s FY2024 Earnings (CVE:GPV)

GreenPower Motor Company Inc. (CVE:GPV - Free Report) - Roth Capital reduced their FY2024 EPS estimates for shares of GreenPower Motor in a research report issued to clients and investors on Monday, April 1st. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of ($0.86) for the year, down from their previous estimate of ($0.69). The consensus estimate for GreenPower Motor's current full-year earnings is $0.06 per share. Roth Capital also issued estimates for GreenPower Motor's Q4 2024 earnings at ($0.22) EPS, FY2025 earnings at ($0.61) EPS and FY2026 earnings at $0.20 EPS.

GreenPower Motor Trading Down 4.0 %

GPV stock traded down C$0.10 during midday trading on Thursday, hitting C$2.40. The company had a trading volume of 5,380 shares, compared to its average volume of 6,518. The stock has a market cap of C$59.98 million, a price-to-earnings ratio of -2.91 and a beta of 4.27. GreenPower Motor has a 52 week low of C$2.40 and a 52 week high of C$7.00. The company has a current ratio of 1.86, a quick ratio of 0.25 and a debt-to-equity ratio of 88.30. The stock's 50 day moving average price is C$3.07 and its 200 day moving average price is C$3.74.

GreenPower Motor (CVE:GPV - Get Free Report) last issued its earnings results on Monday, February 12th. The company reported C($0.26) EPS for the quarter, missing analysts' consensus estimates of C($0.19) by C($0.07). GreenPower Motor had a negative return on equity of 68.61% and a negative net margin of 31.47%. The business had revenue of C$11.11 million during the quarter, compared to analysts' expectations of C$16.44 million.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.