Electrameccanica Vehicles Corp expected to post a loss of 10 cents a share - Earnings Preview

Electrameccanica Vehicles

11/08/2021 03:43

* Electrameccanica Vehicles Corp  SOLO.OQ   SOLO.O  is expected
to show a rise in quarterly revenue when it reports results on
August 11 (estimated). 
* The Vancouver, British Columbia-based company is expected to
report   a 488.2% increase in revenue to C$100 thousand from
C$17 thousand a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Electrameccanica
Vehicles Corp is for a loss of 10 cents per share. For the same
quarter last year, the company reported a loss of 28 cents per
share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for
Electrameccanica Vehicles Corp is $9​, about 61.6% above​ its
last closing price of $3.46. ​​​
* Previous quarterly performance (using preferred earnings
measure in Canadian dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.08       -0.08      0.00      Beat    100
 Dec. 31 2020  -0.13       -0.13      -0.87     Missed  -543
 Sep. 30 2020  -0.12       -0.14      -0.21     Missed  -50​
 Jun. 30 2020  -0.17       -0.17      -0.28     Missed  -64.7
 Mar.          -0.12​      -0.16      -0.05     Beat    69.6​
 31​ 2020​                                              
 Dec. 31 2019  -0.20       -0.17      -0.18     Missed  -4​
 Sep. 30 2019  -0.17       -0.17      -0.14     Beat    16.9
 Jun. 30 2019  -0.11       -0.11      0.07      Beat    180.5
 This summary was machine generated August 11 at 02:42 GMT.  All
figures in Canadian dollars unless otherwise stated