Exro Technologies Inc (EXRO: CA), a Canadian clean technology innovator developing advanced power electronics for electric vehicles and energy storage, is preparing to release its financial results for Q4 2024 on April 7, 2025.
The company has been making headlines for its scalable Coil Driver™ and Cell Driver™ technologies, aimed at reshaping how power is managed in EVs and battery systems.
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Expected Quarterly Earnings Report of Exro Technologies Inc:
For the fourth quarter of 2024, analysts anticipate Exro Technologies to post an earnings per share (EPS) of -$0.03. This marks a year-over-year improvement of approximately 62.5%, signaling progress toward better cost efficiency and revenue optimization.
In Q3 2024, the company achieved a notable 108% quarter-over-quarter revenue increase, driven largely by the delivery of 74 e-Propulsion systems.
Stock Target Advisor’s Analysis on Exro Technologies Inc:
According to Stock Target Advisor, Exro Technologies currently holds a “Bearish” stock rating, based on a combination of 1 positive signal and 7 negative signals.
Despite its recent innovations and growing product pipeline, the stock closed at CAD 0.11 and has seen a dramatic one-year price drop of -85.33%.
However, analyst sentiment paints a more optimistic picture. Based on coverage from 3 analysts, the average 12-month target price for Exro is CAD 0.44, with a high of CAD 0.60 and a low of CAD 0.20.
The consensus rating is “Strong Buy,” indicating confidence in the company’s long-term vision despite short-term market headwinds.
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Conclusion:
As Exro Technologies prepares to report its Q4 2024 earnings, market watchers are divided. The upcoming earnings report will be pivotal in shaping investor sentiment and determining if Exro can sustain its innovation-driven growth strategy while navigating profitability challenges.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
