Brokerages Expect Adomani Inc (NASDAQ:ADOM) to Announce -$0.03 EPS
Equities analysts predict that Adomani Inc (NASDAQ:ADOM) will announce earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Adomani’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.03). Adomani reported earnings of ($0.06) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, July 24th.
According to Zacks, analysts expect that Adomani will report full year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.11) to ($0.06). For the next year, analysts expect that the firm will report earnings of ($0.02) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Adomani.
Adomani (NASDAQ:ADOM) last issued its quarterly earnings results on Friday, May 3rd. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Adomani had a negative net margin of 169.52% and a negative return on equity of 104.32%. The company had revenue of $0.42 million during the quarter, compared to the consensus estimate of $1.46 million.
Shares of Adomani stock traded up $0.01 on Friday, reaching $0.27. 2,250 shares of the stock were exchanged, compared to its average volume of 1,185,983. The firm’s 50 day simple moving average is $0.30. Adomani has a one year low of $0.16 and a one year high of $1.00. The stock has a market cap of $21.13 million, a price-to-earnings ratio of -1.87 and a beta of 1.39.
An institutional investor recently raised its position in Adomani stock. First Republic Investment Management Inc. raised its stake in shares of Adomani Inc (NASDAQ:ADOM) by 31.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 839,000 shares of the company’s stock after acquiring an additional 200,000 shares during the period. First Republic Investment Management Inc. owned approximately 1.15% of Adomani worth $325,000 as of its most recent SEC filing. 2.51% of the stock is owned by institutional investors and hedge funds.
Adomani Company Profile
ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.
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