-$0.03 Earnings Per Share Expected for Adomani Inc (NASDAQ:ADOM) This Quarter
Analysts expect that Adomani Inc (NASDAQ:ADOM) will report earnings per share of ($0.03) for the current quarter, according to Zacks. Two analysts have made estimates for Adomani’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.03). Adomani posted earnings per share of ($0.06) in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Adomani will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.11) to ($0.07). For the next financial year, analysts expect that the firm will post earnings of ($0.04) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Adomani.
Adomani (NASDAQ:ADOM) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $0.42 million during the quarter, compared to analysts’ expectations of $1.46 million. Adomani had a negative return on equity of 104.32% and a negative net margin of 169.52%.
Shares of NASDAQ:ADOM traded down $0.01 during trading on Monday, hitting $0.24. The company had a trading volume of 632,165 shares, compared to its average volume of 839,202. The company has a market cap of $17.15 million, a PE ratio of -1.57 and a beta of 1.39. Adomani has a one year low of $0.16 and a one year high of $0.92. The stock has a fifty day moving average price of $0.28.
An institutional investor recently bought a new position in Adomani stock. MYDA Advisors LLC bought a new stake in shares of Adomani Inc (NASDAQ:ADOM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $59,000. MYDA Advisors LLC owned approximately 0.21% of Adomani as of its most recent SEC filing. Institutional investors and hedge funds own 2.51% of the company’s stock.
Adomani Company Profile
ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.
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