Analysts Issue Forecasts for Lion Electric FY2024 Earnings

The Lion Electric Company (TSE:LEV) – 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.

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

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.