Arcimoto, Inc. (NASDAQ:FUV) is set to announce second quarter earning results on Wednesday 19th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FUV to report 2Q20 loss of $ 0.11 per share.
For the full year, analysts anticipate top line of $ 5.11 million, while looking forward to loss of $ 0.51 per share bottom line.
Previous Quarter Performance
Arcimoto, Inc. unwinded loss for the first quarter of $ 0.15 per share, from the revenue of $ 0.62 million. The quarterly revenues swell 6,100.00 percent compared with the same quarter last year. Street analysts expected Arcimoto, Inc. to report loss of $ 0.17 per share on revenue of $ 1.28 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 11.76 percent, at the same time, top line results fell short of analysts by $ 0.66 million or 51.56 percent.
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Stock Performance
According to the previous trading day, closing price of FUV was $ 7.85, representing a 709.28 % increase from the 52 week low of $ 0.97 and a 11.7 % decrease over the 52 week high of $ 8.89.
The company has a market capital of $ 230.16 million and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
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Recent Analyst recommendations
- On 25th June 2020, initiated by Aegis at Buy rating, with $ 6.00 target price.
Conference Call
Arcimoto, Inc. will be hosting a conference call at 5:00 PM eastern time on 19th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arcimoto.com
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle, Rapid Responder for a specialized emergency, security, and law enforcement services, and Deliverator for goods delivery operations.
