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• Nikola Corp NKLA.OQ reported a quarterly adjusted loss of $2.67​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $-6.00. The mean expectation of five analysts for the quarter was for a loss of $2.85 per share. Wall Street expected results to range from $-3.02 to $-2.58 per share.

• Revenue rose 103.9% to $31.32 million from a year ago; analysts expected $27.12 million.

• Nikola Corp's reported EPS for the quarter was a loss of $2.89​.

• The company reported a quarterly loss of $133.67 million.

• Nikola Corp shares had fallen by 4.8% this quarter and lost 70.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.7% in the last three months.​

• In the last 30 days, one analyst revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Nikola Corp is $14.00

This summary was machine generated from LSEG data August 9 at 04:05 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)