LEV Earnings

LEV reported its FY2024Q2 earnings on 2024-07-31, showcasing a revenue of 30.28M against an estimate of 63.13M, resulting in a -52.05% surprise. The EPS was -0.18, surpassing the expected -0.12 by -50%. The stock experienced a -15.87% price change on the earnings day and a -29.76% change over the next five days, reflecting market reactions to the results.

Following LEV's FY2024Q2 earnings announcement on 2024-07-31, the stock price moved by -15.87% on the day of the release. Over the subsequent five days, it saw a -29.76% change. Historically, LEV's stock price tends to shift by an average of 2.6% in the 10 days leading up to earnings and -11.9% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate LEV's annual revenue to reach 33.70M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between LEV's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, LEV's stock price typically moves by 2.6% in the 10 days before its earnings and -11.9% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of undefined and revenue of 33.70M.

Basic Financial Performance (2): Quarterly revenue and gross margin are down, indicating financial struggles. Product Development and Business Update (3): Delays in production and regulatory challenges, but potential for future growth. Market Strategy (3): Plans to capture market share, but competitive pressures and economic factors present risks. Expenses and Financial Health (2): Liquidity risks and increased costs despite cost-cutting. Shareholder Return Plan (2): No significant positive announcements. Q&A reveals concerns about liquidity and management's unclear responses. Overall, negative sentiment due to financial instability and uncertainty.