Electrameccanica Vehicles Corp expected to post a loss of 14  cents a share - Earnings Preview

Electrameccanica Vehicles

09/05/2022 12:01

* Electrameccanica Vehicles Corp  SOLO.OQ   SOLO.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 11 (estimated). 
    * The Burnaby British Columbia-based  company is expected to
report  a 724.8% increase in revenue to C$1.922 million from
C$233 thousand a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Electrameccanica
Vehicles
Corp is for a loss of 14 cents per share. For the same quarter
last year, the company reported breakeven results per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $7.5​, above​ its last closing price of $1.75.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021              -0.14      -0.19     Missed  -35
 Sep. 30 2021  -0.11       -0.10      -0.14     Missed  -32.4
 Jun. 30 2021  -0.10       -0.10      -0.12     Missed  -23​
 Mar. 31 2021  -0.08       -0.08      0.00      Beat    100
 ​​Dec.        -0.13       -0.13      -0.87     Missed  -543
 31 2020                                                
 Sep. 30 2020  -0.12       -0.14      -0.21     Missed  -50​
 Jun. 30 2020  -0.17       -0.17      -0.28     Missed  -64.7
 Mar. 31 2020  -0.12       -0.16      -0.05     Beat    69.6
 This summary was machine generated May 9 at 11:01 GMT.  All
figures in Canadian dollars  unless otherwise stated