B. Riley Analysts Lower Earnings Estimates for Lilium (NASDAQ:LILM)

Lilium (NASDAQ:LILM) – Equities researchers at B. Riley decreased their FY2027 earnings per share (EPS) estimates for shares of Lilium in a research note issued to investors on Wednesday, October 2nd. B. Riley analyst M. Crawford now anticipates that the company will earn $0.02 per share for the year, down from their prior forecast of $0.07. The consensus estimate for Lilium’s current full-year earnings is ($0.67) per share. B. Riley also issued estimates for Lilium’s FY2028 earnings at $0.74 EPS.

A number of other brokerages also recently weighed in on LILM. Canaccord Genuity Group cut their price target on shares of Lilium from $2.00 to $1.85 and set a “buy” rating on the stock in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2.00 target price on shares of Lilium in a report on Monday, September 30th.

Lilium Price Performance

NASDAQ:LILM opened at $0.79 on Thursday. Lilium has a 1-year low of $0.60 and a 1-year high of $1.41. The business’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.87.

Institutional Investors Weigh In On Lilium

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Lilium in the second quarter worth $25,000. Warberg Asset Management LLC bought a new position in Lilium during the 2nd quarter worth about $27,000. Financial Designs Corp acquired a new stake in shares of Lilium in the 2nd quarter valued at about $32,000. Virtu Financial LLC bought a new stake in shares of Lilium in the first quarter valued at about $32,000. Finally, Freestone Capital Holdings LLC acquired a new position in shares of Lilium during the first quarter worth about $55,000. 8.30% of the stock is currently owned by institutional investors and hedge funds.

About Lilium

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.