These Analysts Just Made A Meaningful Downgrade To Their Electrovaya Inc. (TSE:ELVA) EPS Forecasts [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. Following the downgrade, the latest consensus from Electrovaya's four analysts is for revenues of US$94m in 2025, which would reflect a sizeable 91% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 2,245% to US$0.41. Prior to this update, the analysts had been forecasting revenues of US$115m and earnings per share (EPS) of US$0.52 in 2025. It looks like analyst sentiment has declined substantially, with a measurable cut to revenue estimates and a large cut to earnings per share numbers as well. See our latest analysis for Electrovaya Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Elect
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ELVA
News
- Electrovaya Receives Funding from the Government of CanadaAccesswire
- Electrovaya and Innovative Rail Technologies Enter into Strategic Supply Agreement for the Supply of Battery Systems for Electric Rail ApplicationsAccesswire
- Should Electrovaya Inc. (TSE:ELVA) Focus On Improving This Fundamental Metric? [Yahoo! Finance]Yahoo! Finance
- Electrovaya Inc. (NASDAQ: ELVA) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment ManufacturerAccesswire
ELVA
Sec Filings
- 10/17/24 - Form 6-K
- 9/30/24 - Form 6-K
- 9/26/24 - Form EFFECT
- ELVA's page on the SEC website