Analysts Issue Forecasts for Lion Electric FY2024 Earnings

The Lion Electric Company (TSE:LEVFree Report) – Desjardins decreased their FY2024 EPS estimates for Lion Electric in a report issued on Thursday, November 7th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of ($0.62) for the year, down from their prior forecast of ($0.52). Desjardins has a “Hold” rating and a $1.00 price objective on the stock. The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. Desjardins also issued estimates for Lion Electric’s Q4 2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.24) EPS.

A number of other equities research analysts have also weighed in on the stock. CIBC lowered their price target on shares of Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a report on Thursday, August 1st. Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. DA Davidson lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, National Bankshares cut their target price on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$0.82.

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Lion Electric Trading Up 16.7 %

TSE LEV opened at C$0.56 on Monday. The company’s 50 day moving average price is C$0.92 and its 200 day moving average price is C$1.12. The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. Lion Electric has a one year low of C$0.44 and a one year high of C$2.67. The firm has a market capitalization of C$126.68 million, a price-to-earnings ratio of -0.77 and a beta of 2.59.

Lion Electric Company Profile

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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.

Further Reading

Earnings History and Estimates for Lion Electric (TSE:LEV)

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