Equities analysts forecast that Adomani Inc (NASDAQ:ADOM) will post sales of $2.06 million for the current quarter, according to Zacks. Two analysts have provided estimates for Adomani’s earnings, with the lowest sales estimate coming in at $1.63 million and the highest estimate coming in at $2.50 million. Adomani reported sales of $460,000.00 in the same quarter last year, which would suggest a positive year over year growth rate of 347.8%. The company is expected to issue its next quarterly earnings report on Thursday, May 9th.
According to Zacks, analysts expect that Adomani will report full year sales of $16.05 million for the current fiscal year, with estimates ranging from $15.00 million to $17.09 million. For the next year, analysts forecast that the firm will report sales of $40.22 million, with estimates ranging from $40.00 million to $40.43 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Adomani.
Several analysts recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Adomani in a research note on Thursday, February 21st. Zacks Investment Research lowered shares of Adomani from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th.
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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