Factors Likely to Have Influenced Earnings Results The Lion Electric (NYSE:LEV)

Earnings results for The Lion Electric (NYSE:LEV)

The Lion Electric Company is expected* to report earnings on 08/13/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.05.

The Lion Electric last announced its earnings results on May 17th, 2021. The reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.11. The firm had revenue of $6.23 million for the quarter, compared to analyst estimates of $5.40 million. The Lion Electric has generated $0.00 earnings per share over the last year. The Lion Electric has confirmed that its next quarterly earnings report will be published on Friday, August 13th, 2021.

Analyst Opinion on The Lion Electric (NYSE:LEV)

7 Wall Street analysts have issued ratings and price targets for The Lion Electric in the last 12 months. Their average twelve-month price target is $21.67, predicting that the stock has a possible upside of 41.24%. The high price target for LEV is $26.00 and the low price target for LEV is $20.00. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

The Lion Electric has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $21.67, The Lion Electric has a forecasted upside of 41.2% from its current price of $15.34. The Lion Electric has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: The Lion Electric (NYSE:LEV)

The Lion Electric does not currently pay a dividend. The Lion Electric does not have a long track record of dividend growth.

Insiders buying/selling: The Lion Electric (NYSE:LEV)

In the past three months, The Lion Electric insiders have not sold or bought any company stock. Only 5.42% of the stock of The Lion Electric is held by institutions.

Earnings and Valuation of The Lion Electric (NYSE:LEV

The Lion Electric has a P/B Ratio of 29.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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