$1.67 Million in Sales Expected for Adomani Inc (ADOM) This Quarter

Equities research analysts expect that Adomani Inc (NASDAQ:ADOM) will report $1.67 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Adomani’s earnings. The lowest sales estimate is $200,000.00 and the highest is $3.14 million. Adomani reported sales of $740,000.00 in the same quarter last year, which would suggest a positive year over year growth rate of 125.7%. The business is scheduled to issue its next earnings results on Thursday, August 8th.

On average, analysts expect that Adomani will report full-year sales of $8.44 million for the current fiscal year, with estimates ranging from $1.00 million to $15.88 million. For the next financial year, analysts anticipate that the firm will report sales of $40.43 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Adomani.

Adomani (NASDAQ:ADOM) last posted its quarterly earnings data on Tuesday, February 19th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $1.18 million during the quarter, compared to analysts’ expectations of $3.36 million. Adomani had a negative net margin of 169.52% and a negative return on equity of 104.32%.

ADOM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Adomani from a “hold” rating to a “buy” rating and set a $0.50 price objective for the company in a research report on Wednesday, May 8th. Roth Capital reaffirmed a “neutral” rating on shares of Adomani in a research report on Friday, May 3rd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Adomani in a research report on Thursday, February 21st.

A hedge fund recently raised its stake in Adomani stock. First Republic Investment Management Inc. raised its holdings in Adomani Inc (NASDAQ:ADOM) by 31.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 839,000 shares of the company’s stock after buying an additional 200,000 shares during the period. First Republic Investment Management Inc. owned approximately 1.15% of Adomani worth $325,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.56% of the company’s stock.

NASDAQ:ADOM opened at $0.35 on Friday. The company has a market cap of $25.50 million, a P/E ratio of -2.33 and a beta of 1.73. Adomani has a fifty-two week low of $0.16 and a fifty-two week high of $1.75.

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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