Lordstown Motors Corp reports results for the quarter ended in March - Earnings Summary

Nu Ride

08/05/2023 14:32

* Lordstown Motors Corp  RIDE.OQ  reported a quarterly
adjusted
loss of 71 cents​​ per share for the quarter ended in March. The
mean expectation of two analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue was $189.00 thousand​; analysts expected $247.00
thousand. 
    * Lordstown Motors Corp's reported EPS for the quarter was a
loss
of 71 cents​.
    * The mean earnings estimate of analysts had risen by
about 29.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lordstown Motors Corp shares had fallen by 49.3% this
quarter and lost 70.5% so far this year.
    * The company reported a quarterly loss of $171.11 million.
    * Wall Street's median 12-month price target for Lordstown
Motors
Corp is $1.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
8 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.22          -0.71          Missed
 Dec. 31 2022      -0.27          -0.45          Missed
 Sep. 30 2022      -0.31          -0.73          Missed
 Jun. 30 2022      -0.45          -0.19          Beat