Electrameccanica Vehicles Corp reports results for the quarter ended in September - Earnings Summary

Electrameccanica Vehicles

15/11/2022 04:51

* Electrameccanica Vehicles Corp  SOLO.OQ  reported a
quarterly
adjusted loss of 23 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for a loss of 16 cents per share.
    * Revenue rose 1,253.2% to C$1.88 million from a year ago;
analysts expected C$2.02 million. 
    * Electrameccanica Vehicles Corp's reported EPS for the
quarter
was a loss of 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Electrameccanica Vehicles Corp shares had risen by 5.7%
this
quarter and lost 43.4% so far this year.
    * The company reported a quarterly loss of C$28.14 million.
    * Wall Street's median 12-month price target for
Electrameccanica
Vehicles Corp is $4.20 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
15 at 04:51 a.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.16          -0.23          Missed
 Jun. 30 2022      -0.14          -0.17          Missed
 Mar. 31 2022      -0.14          -0.19          Missed
 Dec. 31 2021      -0.14          -0.19          Missed