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

Hyzon Motors

13/05/2024 22:22

* Hyzon Motors Inc  HYZN.OQ  reported a quarterly adjusted
loss
of 14 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -11 cents.  The mean expectation of two analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -17 cents to -16 cents per share.
    * Revenue was $9.98 million​; analysts expected $750.00
thousand. 
    * Hyzon Motors Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $34.23 million.
    * Hyzon Motors Inc shares had fallen by 27.6% this
quarter and
lost 40.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
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 May 13 at
09:22 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
 Mar. 31 2024      -0.16          -0.14          Beat
 Dec. 31 2023      -0.20          -0.19          Beat
 Sep. 30 2023      -0.16          -0.13          Beat
 Jun. 30 2023      -0.18          -0.24          Missed