The Lion Electric Company (TSE:LEV - Free Report) - Investment analysts at National Bank Financial dropped their Q2 2024 earnings per share estimates for shares of Lion Electric in a research report issued to clients and investors on Wednesday, May 8th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of ($0.15) for the quarter, down from their previous forecast of ($0.09). National Bank Financial currently has a "Underperform Spec Market Wgt" rating on the stock. The consensus estimate for Lion Electric's current full-year earnings is ($0.48) per share. National Bank Financial also issued estimates for Lion Electric's Q3 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.11) EPS and FY2025 earnings at ($0.23) EPS.
Lion Electric (TSE:LEV - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported C($0.17) EPS for the quarter, missing analysts' consensus estimates of C($0.13) by C($0.04). The firm had revenue of C$82.28 million during the quarter, compared to the consensus estimate of C$128.31 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%.
Separately, Desjardins downgraded Lion Electric from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.
Check Out Our Latest Report on LEV
Lion Electric Stock Up 5.7 %
Shares of TSE:LEV traded up C$0.07 during midday trading on Monday, reaching C$1.30. The company had a trading volume of 411,682 shares, compared to its average volume of 339,140. The company has a quick ratio of 1.33, a current ratio of 2.45 and a debt-to-equity ratio of 88.29. The business's 50 day moving average price is C$1.62 and its 200 day moving average price is C$2.09. The stock has a market cap of C$294.09 million, a PE ratio of -2.06 and a beta of 2.62. Lion Electric has a 1-year low of C$1.22 and a 1-year high of C$3.53.
Lion Electric Company Profile
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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.
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