Adomani Inc (ADOM) Expected to Post Quarterly Sales of $2.06 Million
Brokerages expect Adomani Inc (NASDAQ:ADOM) to post $2.06 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Adomani’s earnings. The highest sales estimate is $2.50 million and the lowest is $1.63 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 report its next earnings results 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 financial year, analysts forecast that the firm will post sales of $40.22 million, with estimates ranging from $40.00 million to $40.43 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Adomani.
Adomani (NASDAQ:ADOM) last posted its earnings results on Tuesday, February 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $1.18 million during the quarter, compared to analyst estimates of $3.36 million. Adomani had a negative net margin of 220.48% and a negative return on equity of 119.79%.
Shares of NASDAQ:ADOM opened at $0.34 on Monday. The stock has a market capitalization of $27.39 million, a P/E ratio of -2.28 and a beta of 1.78. Adomani has a fifty-two week low of $0.16 and a fifty-two week high of $1.97.
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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