Hyzon Motors Inc reports results for the quarter - Earnings Summary

Hyzon Motors

13/11/2024 14:15

* Hyzon Motors Inc  HYZN.OQ  reported a quarterly adjusted
loss of
$7.16​​ per share for the quarter , lower than the same quarter
last year, when the company reported EPS of $-6.50.  The mean
expectation of two analysts for the quarter was for a loss of
$6.50 per share. 
    * Revenue was $134.00 thousand​; analysts expected zero. 
    * Hyzon Motors Inc's reported EPS for the quarter was a loss
of
$7.74​.
    * The company reported a quarterly loss of $41.32 million.
    * Hyzon Motors Inc shares had fallen by 30.5% this
quarter and
lost 96.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is  "hold."

Wall Street's median 12-month price target for Hyzon Motors Inc
is 80.00 
This summary was machine generated from LSEG data November 13 at
02:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -6.50          -7.16          Missed
 Jun. 30 2024      -7.75          -10.50         Missed
 Mar. 31 2024      -8.25          -7.00          Beat
 Dec. 31 2023      -10.00         -9.50          Beat