Lion Electric Q4 GAAP EPS $(0.25) May Not Be Comparable To $(0.09) Estimate, Sales $60.43M Miss $89.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lion Electric (LEV) reported a Q4 GAAP EPS of $(0.25), missing the $(0.09) estimate significantly, with a 177.78% miss rate. Year-over-year, this represents a 1150% increase in losses. Q4 sales were $60.43M, missing the $89.99M estimate by 32.85%, but marking a 29.21% increase from the previous year.
February 29, 2024 | 12:03 pm
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Lion Electric reported a significant miss in Q4 earnings and sales, with EPS at $(0.25) against a $(0.09) estimate and sales of $60.43M missing the $89.99M estimate.
The significant miss in both EPS and sales estimates for Q4 indicates a negative short-term impact on LEV's stock price. The 1150% increase in losses compared to the previous year further exacerbates investor concerns, likely leading to a decrease in stock price in the short term.
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