Lion Electric (LEV) Scheduled to Post Quarterly Earnings on Wednesday

Lion Electric (TSE:LEV) will be announcing its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of C($0.17) per share for the quarter.

Lion Electric (TSE:LEV) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.10) by C$0.08. The company had revenue of C$74.80 million for the quarter, compared to analysts’ expectations of C$97.28 million. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%.

Lion Electric Price Performance

LEV stock opened at C$1.23 on Tuesday. The stock has a market capitalization of C$278.25 million, a PE ratio of -1.84 and a beta of 2.74. The company’s 50-day moving average is C$1.34 and its 200-day moving average is C$1.70. The company has a debt-to-equity ratio of 104.69, a current ratio of 2.65 and a quick ratio of 1.33. Lion Electric has a 1 year low of C$1.14 and a 1 year high of C$3.53.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LEV. National Bank Financial lowered shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a report on Wednesday, May 8th. B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th.

Lion Electric Company Profile

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.