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

Lion Electric (TSE:LEV) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Lion Electric to post earnings of C($0.17) per share for the quarter.

Lion Electric (TSE:LEV) last announced its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. The firm had revenue of C$74.80 million for the quarter, compared to analyst estimates 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 Trading Up 2.5 %

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley raised shares of Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. 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 research note on Wednesday, May 8th.

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.