Electrovaya Inc reports results for the quarter ended December 31 - Earnings Summary

• Electrovaya Inc ELVA.TO reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of three analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -3 cents to 2 cents per share.

• Revenue fell 7.6% to $11.17 million from a year ago; analysts expected $12.75 million.

• Electrovaya Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $420 thousand.

• Electrovaya Inc shares had fallen by 4.2% this quarter.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Electrovaya Inc is $4.50

This summary was machine generated from LSEG data February 13 at 11:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)