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

Lion Electric (TSE:LEV) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Lion Electric to post earnings of C($0.10) per share for the quarter.

Lion Electric (TSE:LEV) last issued its quarterly earnings data 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 business 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 return on equity of 26.07% and a negative net margin of 40.93%.

Lion Electric Stock Up 2.8 %

Shares of TSE LEV opened at C$1.45 on Tuesday. The stock has a market capitalization of C$328.02 million, a PE ratio of -2.30 and a beta of 2.62. The company has a current ratio of 2.45, a quick ratio of 1.33 and a debt-to-equity ratio of 88.29. Lion Electric has a 12-month low of C$1.22 and a 12-month high of C$3.53. The stock’s fifty day simple moving average is C$1.69 and its two-hundred day simple moving average is C$2.12.

Wall Street Analyst Weigh In

Separately, Desjardins downgraded shares of Lion Electric from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

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.