Analysts Offer Predictions for The Lion Electric Company’s Q2 2024 Earnings (TSE:LEV)

The Lion Electric Company (TSE:LEV) – Research analysts at B. Riley issued their Q2 2024 earnings estimates for Lion Electric in a report issued on Tuesday, June 25th. B. Riley analyst R. Pfingst expects that the company will post earnings of ($0.19) per share for the quarter. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. B. Riley also issued estimates for Lion Electric’s Q3 2024 earnings at ($0.14) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.45) EPS and FY2025 earnings at $0.01 EPS.

A number of other equities analysts also recently issued reports on the stock. National Bank Financial downgraded 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. Desjardins downgraded shares of Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Lion Electric Trading Up 0.8 %

Shares of LEV opened at C$1.23 on Friday. The company has a 50-day moving average of C$1.39 and a 200 day moving average of C$1.88. 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. Lion Electric has a 1-year low of C$1.16 and a 1-year high of C$3.53. 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 (TSE:LEV) last released its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.10) by C$0.08. The business had revenue of C$74.80 million during the quarter, compared to the consensus estimate of C$97.28 million. Lion Electric had a negative return on equity of 28.75% and a negative net margin of 43.21%.

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.