Electrameccanica Vehicles Corp expected to post a loss of 18 cents a share - Earnings Preview

Electrameccanica Vehicles

08/05/2023 13:19

* Electrameccanica Vehicles Corp  SOLO.OQ   SOLO.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 10 (estimated). 
    * The Burnaby British Columbia-based  company is expected to
report  a 36.9% increase in revenue to C$1.8 million from C$1.32
million 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 18 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 23.5%
in the last three months. ​
    * Wall Street's median 12-month price target for
Electrameccanica
Vehicles Corp is $0.6​, above​ its last closing price of $0.53.
​​​

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 2022              -0.13      -0.73     Missed  -463.8
 Sep. 30 2022  -0.18       -0.16      -0.23     Missed  -46.9
 Jun. 30 2022              -0.14      -0.22     Missed  -58.8​
 Mar. 31 2022  -0.14       -0.14      -0.19     Missed  -39
 ​​Dec.                    -0.14      -0.19     Missed  -35
 31 2021                                                
 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
 This summary was machine generated May 8 at 12:19 GMT.  All
figures in Canadian dollars  unless otherwise stated