Zacks: Brokerages Expect Adomani Inc (ADOM) to Announce -$0.03 Earnings Per Share

Equities research analysts expect that Adomani Inc (NASDAQ:ADOM) will announce earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Adomani’s earnings, with estimates ranging from ($0.03) to ($0.02). Adomani posted earnings of ($0.06) per share during the same quarter last year, which suggests a positive year over year growth rate of 50%. The firm is expected to announce its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Adomani will report full year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.07). For the next financial year, analysts expect that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.05) to ($0.02). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Adomani.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Adomani from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Adomani in a report on Thursday, February 21st.



Shares of ADOM stock traded up $0.01 during trading hours on Thursday, hitting $0.36. 181,919 shares of the company’s stock were exchanged, compared to its average volume of 750,326. The company has a market capitalization of $25.66 million, a PE ratio of -2.40 and a beta of 1.80. Adomani has a 12-month low of $0.16 and a 12-month high of $1.97.

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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