Arcimoto Inc (FUV) Expected to Announce Earnings of -$0.20 Per Share

Wall Street analysts expect Arcimoto Inc (NASDAQ:FUV) to report earnings per share of ($0.20) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Arcimoto’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.23). Arcimoto reported earnings of ($0.10) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The business is expected to announce its next earnings results on Friday, March 29th.

On average, analysts expect that Arcimoto will report full-year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.61). For the next financial year, analysts expect that the business will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.59) to ($0.09). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Arcimoto.

Arcimoto (NASDAQ:FUV) last released its quarterly earnings data on Friday, November 16th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.22 million. Arcimoto had a negative net margin of 5,067.42% and a negative return on equity of 71.99%.

FUV has been the topic of several recent analyst reports. Roth Capital initiated coverage on shares of Arcimoto in a research note on Thursday, November 1st. They set a “buy” rating and a $9.00 price objective on the stock. Chardan Capital initiated coverage on shares of Arcimoto in a research note on Wednesday. They set a “buy” rating on the stock.

Shares of Arcimoto stock traded up $0.05 during trading on Friday, hitting $2.15. 39,954 shares of the stock were exchanged, compared to its average volume of 46,189. The firm has a market capitalization of $29.46 million, a PE ratio of -8.96 and a beta of 0.25. Arcimoto has a 1-year low of $2.00 and a 1-year high of $5.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.46 and a quick ratio of 3.18.

In related news, Director Jeff Curl bought 25,000 shares of Arcimoto stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average price of $3.00 per share, with a total value of $75,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Frohnmayer bought 139,903 shares of Arcimoto stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average cost of $3.00 per share, with a total value of $419,709.00. The disclosure for this purchase can be found here. Insiders have bought a total of 165,913 shares of company stock worth $497,739 over the last 90 days. 56.30% of the stock is owned by company insiders.

About Arcimoto

Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.

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