LEV Earnings Forecast
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Earnings Forecast
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EPS
Currency: USD
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Earnings Surprise Analysis
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Earnings Reaction
The chart below shows how LEV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LEV sees a +2.60% change in stock price 10 days leading up to the earnings, and a -11.90% change 10 days following the report. On the earnings day itself, the stock moves by -3.10%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in JUN/2024, the stock changed -14.54% on the day following the earnings release and then changed by -20.32% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
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Frequently Asked Questions
What were the key highlights of LEV's latest earnings report for FY2024Q2?
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.
How did LEV's stock price react after the FY2024Q2 earnings release?
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 +2.60% in the 10 days leading up to earnings and -11.90% in the 10 days following, providing insight into potential market.
What are the revenue and EPS estimates for LEV for 2024/Q4?
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 revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.
How does LEV's stock price correlate with earnings forecast revisions?
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 No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.
What should investors expect from LEV's next earnings report?
Based on historical trends, LEV's stock price typically moves by +2.60% in the 10 days before its earnings and -11.90% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of undefined and revenue of 33.70M.
What is the sentiment in The Lion Electric Company (LEV) Q3 2024 Earnings Call Summary?
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.