Nikola Corporation

NasdaqGS:NKLA Stock Report

Market Cap: US$66.5m

Nikola Future Growth

Future criteria checks 2/6

Nikola is forecast to grow earnings and revenue by 23.8% and 63.3% per annum respectively while EPS is expected to grow by 39.2% per annum.

Key information

23.8%

Earnings growth rate

39.2%

EPS growth rate

Machinery earnings growth9.9%
Revenue growth rate63.3%
Future return on equityn/a
Analyst coverage

Good

Last updated13 Dec 2024

Recent future growth updates

Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

May 11
Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

Recent updates

Nikola: Dead End Approaching Quickly - Strong Sell

Feb 07

Nikola: Take Your Money And Run (Technical Analysis)

Nov 29

Nikola: Running Out Of Funds And Financing Options - Strong Sell

Nov 01

Nikola's 'One Truck At A Time' Strategy Has Only 2 Outcomes

Oct 04

Buy Nikola On Weakness To Exploit The Likely Strong Future Of Hydrogen Trucks

Sep 25

Nikola: Improved Results But Nowhere Near Viability - Sell

Aug 12

Nikola Corporation: Sell The Rally As Further Dilution May Be Looming

Jul 09

Nikola Corporation: Messy Picture Continues - Strong Sell (Rating Downgrade)

May 14

Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?

Apr 01

Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell

Mar 01

Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

May 11
Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

Earnings and Revenue Growth Forecasts

NasdaqGS:NKLA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027832-271-157-1861
12/31/2026687-385-374-3505
12/31/2025354-481-433-5066
12/31/2024112-616-623-5096
9/30/202476-635-573-517N/A
6/30/202449-861-522-459N/A
3/31/202433-867-522-436N/A
12/31/202336-865-617-496N/A
9/30/202330-887-687-529N/A
6/30/202356-697-784-595N/A
3/31/202359-730-815-626N/A
12/31/202250-738-750-582N/A
9/30/202244-722-727-543N/A
6/30/202220-753-637-455N/A
3/31/20222-723-564-379N/A
12/31/2021N/A-690-486-307N/A
9/30/20210-673-382-261N/A
6/30/20210-485-312-231N/A
3/31/20210-471-233-188N/A
12/31/20200-384-173-151N/A
9/30/20200-285-122-100N/A
6/30/20200-221-102-76N/A
3/31/20200-109-101-70N/A
12/31/20190-105-120-81N/A
12/31/20180-64-67-54N/A
12/31/20170-18N/A-14N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NKLA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NKLA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NKLA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NKLA's revenue (63.3% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: NKLA's revenue (63.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NKLA's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 23:05
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nikola Corporation is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas MordelleBryan Garnier & Co
Paul de FromentBryan Garnier & Co
Gregory LewisBTIG