$2.06 Million in Sales Expected for Adomani Inc (ADOM) This Quarter

Share on StockTwits

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.

ADOM stock opened at $0.35 on Friday. Adomani has a 12 month low of $0.16 and a 12 month high of $1.97. The company has a market cap of $25.48 million, a P/E ratio of -2.33 and a beta of 1.80.

About Adomani

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.

Featured Article: Why is the ex-dividend date different from the record date?

Get a free copy of the Zacks research report on Adomani (ADOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Adomani Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adomani and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Numis Securities Cuts Just Group  Price Target to GBX 160
Numis Securities Cuts Just Group Price Target to GBX 160
Marshalls  Downgraded by Berenberg Bank to Hold
Marshalls Downgraded by Berenberg Bank to Hold
SEGRO  Stock Rating Reaffirmed by Deutsche Bank
SEGRO Stock Rating Reaffirmed by Deutsche Bank
Team17 Group  Price Target Increased to GBX 255 by Analysts at Liberum Capital
Team17 Group Price Target Increased to GBX 255 by Analysts at Liberum Capital
SYSCO  versus Innovative Food  Head to Head Contrast
SYSCO versus Innovative Food Head to Head Contrast
Critical Comparison: Allegheny Technologies  vs. Haynes International
Critical Comparison: Allegheny Technologies vs. Haynes International


Leave a Reply

© 2006-2019 Ticker Report