Lion Electric Co reports results for the quarter ended in March - Earnings Summary

• Lion Electric Co LEV reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of eight analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -11 cents to -6 cents per share.

• Revenue rose 1.4% to $55.48 million from a year ago; analysts expected $69.16 million.

• Lion Electric Co's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $21.7 million.

• Lion Electric Co shares had fallen by 26.8% this quarter and lost 41.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is "hold."

Wall Street's median 12-month price target for Lion Electric Co is $2.75

This summary was machine generated from LSEG data May 8 at 02:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)