Electrovaya Inc reports results for the quarter ended June 30 - Earnings Summary

• Electrovaya Inc ELVA.TO reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The lone analyst forecast for the quarter was for earnings of 5 cents per share.

• Revenue rose 66.8% to $17.13 million from a year ago; analysts expected $17.00 million.

• Electrovaya Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $907 thousand.

• Electrovaya Inc shares had risen by 47.5% this quarter and gained 102.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20% in the last three months.​

• 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 "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Electrovaya Inc is $7.25, about 31% above its last closing price of $5.00

This summary was machine generated from LSEG data August 13 at 09:47 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)