Analysts expect Fisker to post revenue of $1.02 million in the fourth quarter, up from $40,000 in the year-ago quarter and $10,000 in the prior quarter. The per-share loss is forecast at $0.42, better than the loss per share of $0.47 in both the prior and year-ago quarters. For the full 2022 fiscal year, revenue is forecast at $950,000, up from $110,000 last year. Analysts expect the company to post a loss per share of $1.61, worse than last year’s loss of $1.14.
Analysts expect Fisker to post revenue of $2.52 million in the first quarter and $2.10 billion for the full 2023 fiscal year. The expected loss per share for the quarter is $0.29, and for the year, $0.74.
Fisker is not expected to post a profit in 2023 or 2024. Based on a 2025 EPS estimate of $0.76, the price-to-earnings multiple is 7.9. The stock’s 52-week range is $4.26 to $11.59. Fisker does not pay a dividend, and the total shareholder return for the past year was negative 39.49%.
Nikola
Over the past 12 months, electric and hydrogen-powered truck maker Nikola Corp. (NASDAQ: NKLA) has seen its share price plummet by nearly 87%. The company set an all-time low in late April for its three-year public life.
The company made a couple of product announcements this week. WattEV, a developer of charging infrastructure for and a lessor of heavy trucks, has agreed to buy 14 of Nikola’s Tre electric trucks. AJP Trucking, a long-time USPS mail carrier, has ordered 50 of Nikola’s fuel cell heavy trucks. In March, Nikola reached a minor milestone: it had reached total truck sales of 100 vehicles.
Just eight analysts cover the stock, and seven of those have a Hold rating. The other one rates the stock at Buy. At a share price of around $1.00, the upside potential based on a median price target of $3.00 is 200%. At the high price target of $5.00, the implied gain is 500%. Note that institutional ownership of the stock has fallen from around 43% of the float in February to around 28.6% currently. Average daily trading volume in the shares has risen by about 50% to around 18 million.
Analysts are forecasting first-quarter revenue at $12.35 million, up 88.2% sequentially and up from $1.89 million in the year-ago quarter. Nikola is expected to report a loss per share of $0.26, better than the prior quarter’s loss of $0.37 but worse than the year-ago first-quarter loss of $0.21 per share. For the full 2023 fiscal year, the company is expected to lose $0.88 per share, better than the loss per share of $1.11 in 2022. Analysts also expect Nikola to report $151.7 million in revenue, up nearly 200% year over year.
Nikola is not expected to post a profit in 2023, 2024 or 2025. The enterprise value to sales multiple for 2023 is 5.3. For 2023 and 2024, the multiple is 1.6 and 0.8, respectively, based on 2024 estimated revenue of $511.96 million and 2025 estimated revenue of $1.05 billion. The stock’s 52-week range is $0.79 to $8.97. Nikola does not pay a dividend. Total shareholder return for the past 12 months is negative 87.53%.
Originally published at 24/7 Wall St.
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