Zacks: Brokerages Expect Electrameccanica Vehicles Corp (NASDAQ:SOLO) Will Post Earnings of -$0.07 Per Share
Equities research analysts expect Electrameccanica Vehicles Corp (NASDAQ:SOLO) to announce earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Electrameccanica Vehicles’ earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.10). Electrameccanica Vehicles reported earnings of ($0.15) per share during the same quarter last year, which indicates a positive year over year growth rate of 53.3%. The company is scheduled to announce its next earnings report on Thursday, August 15th.
On average, analysts expect that Electrameccanica Vehicles will report full year earnings of ($0.28) per share for the current year, with EPS estimates ranging from ($0.37) to ($0.18). For the next year, analysts anticipate that the business will post earnings of ($0.25) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Electrameccanica Vehicles.
Electrameccanica Vehicles (NASDAQ:SOLO) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.56 million. Electrameccanica Vehicles had a negative net margin of 3,920.55% and a negative return on equity of 98.03%.
A hedge fund recently bought a new stake in Electrameccanica Vehicles stock. Advisory Services Network LLC bought a new stake in shares of Electrameccanica Vehicles Corp (NASDAQ:SOLO) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 29,100 shares of the company’s stock, valued at approximately $104,000. Advisory Services Network LLC owned approximately 0.08% of Electrameccanica Vehicles as of its most recent filing with the SEC. 2.98% of the stock is currently owned by institutional investors.
Shares of Electrameccanica Vehicles stock traded down $0.07 during midday trading on Tuesday, reaching $2.91. 2,088 shares of the company’s stock traded hands, compared to its average volume of 736,196. The stock has a market capitalization of $106.38 million, a P/E ratio of -7.41 and a beta of 1.59. The firm has a 50 day moving average of $2.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 16.61 and a current ratio of 17.01. Electrameccanica Vehicles has a 52 week low of $0.90 and a 52 week high of $7.48.
About Electrameccanica Vehicles
Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.
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