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

Analysts forecast that Adomani Inc (NASDAQ:ADOM) will announce sales of $2.06 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Adomani’s earnings, with estimates ranging from $1.63 million to $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 firm is scheduled to issue its next quarterly 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 company will report 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 issued its earnings results on Tuesday, February 19th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. Adomani had a negative return on equity of 119.79% and a negative net margin of 220.48%. The business had revenue of $1.18 million for the quarter, compared to analyst estimates of $3.36 million.

ADOM has been the topic of several research analyst reports. Zacks Investment Research lowered Adomani from a “buy” rating to a “hold” rating in a research report on Thursday, December 27th. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Adomani in a research report on Thursday, February 21st.

Shares of NASDAQ ADOM traded down $0.01 during midday trading on Monday, hitting $0.34. 121,100 shares of the company’s stock were exchanged, compared to its average volume of 700,929. Adomani has a twelve month low of $0.16 and a twelve month high of $1.97. The firm has a market capitalization of $24.78 million, a PE ratio of -2.27 and a beta of 1.78.

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.

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