Hyzon Motors Inc reports results for the quarter ended in June - Earnings Summary

Hyzon Motors

13/08/2024 14:51

* Hyzon Motors Inc  HYZN.OQ  reported a quarterly adjusted
loss
of 21 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -24 cents.  The mean expectation of two analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -16 cents to -15 cents per share.
    * Revenue was $313.00 thousand​; analysts expected $1.00
million. 
    * Hyzon Motors Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $50.79 million.
    * Hyzon Motors Inc shares had fallen by 71.8% this
quarter and
lost 89.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $1.60 
This summary was machine generated from LSEG data August 13 at
01:51 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
 Jun. 30 2024      -0.15          -0.21          Missed
 Mar. 31 2024      -0.16          -0.14          Beat
 Dec. 31 2023      -0.20          -0.19          Beat
 Sep. 30 2023      -0.16          -0.13          Beat