Analysts Expect GreenPower Motor Company Inc. (NASDAQ:GP) Will Post Earnings of -$0.04 Per Share

Equities analysts expect GreenPower Motor Company Inc. (NASDAQ:GP) to post earnings per share (EPS) of ($0.04) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for GreenPower Motor’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.01). GreenPower Motor posted earnings of ($0.11) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 63.6%. The company is scheduled to report its next quarterly earnings results on Thursday, February 10th.

On average, analysts expect that GreenPower Motor will report full-year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.32) to ($0.24). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.10 per share, with EPS estimates ranging from ($0.06) to $0.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for GreenPower Motor.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Friday, November 12th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). GreenPower Motor had a negative return on equity of 26.97% and a negative net margin of 71.31%. The firm had revenue of $4.44 million for the quarter, compared to analyst estimates of $3.33 million.

GP has been the subject of several analyst reports. B. Riley cut their price target on GreenPower Motor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 25th. Zacks Investment Research lowered GreenPower Motor from a “buy” rating to a “sell” rating in a research note on Monday, October 18th. Maxim Group reduced their target price on GreenPower Motor from $30.00 to $22.00 in a research report on Wednesday, January 5th. BTIG Research reiterated a “buy” rating and issued a $27.00 target price (down previously from $35.00) on shares of GreenPower Motor in a research note on Friday, November 12th. Finally, Roth Capital lowered GreenPower Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $13.00 in a research note on Monday, November 15th.

NASDAQ GP opened at $6.96 on Friday. The firm has a market cap of $154.86 million, a PE ratio of -14.81 and a beta of 5.87. GreenPower Motor has a 52 week low of $6.64 and a 52 week high of $33.83. The business’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $13.98.

Several hedge funds and other institutional investors have recently made changes to their positions in GP. UBS Group AG lifted its stake in GreenPower Motor by 3,278.2% in the 3rd quarter. UBS Group AG now owns 76,517 shares of the company’s stock valued at $1,139,000 after purchasing an additional 74,252 shares during the last quarter. Millennium Management LLC acquired a new stake in GreenPower Motor during the third quarter worth approximately $229,000. Morgan Stanley lifted its position in GreenPower Motor by 29.7% during the third quarter. Morgan Stanley now owns 17,178 shares of the company’s stock worth $256,000 after acquiring an additional 3,931 shares during the last quarter. Invesco Ltd. lifted its position in GreenPower Motor by 3.8% during the third quarter. Invesco Ltd. now owns 2,146,078 shares of the company’s stock worth $31,934,000 after acquiring an additional 77,770 shares during the last quarter. Finally, F3Logic LLC acquired a new stake in shares of GreenPower Motor in the third quarter valued at approximately $156,000. Institutional investors own 21.48% of the company’s stock.

About GreenPower Motor

GreenPower Motor Co, Inc engages in the design, manufacture, and distribution of electric powered vehicles for commercial markets. It offers electric-powered school buses, vans, charter buses, and double-deckers. The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010 and is headquartered in Vancouver, Canada.

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Earnings History and Estimates for GreenPower Motor (NASDAQ:GP)

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