Aeva Technologies Inc reports results for the quarter ended in March - Earnings Summary
08/05/2024 08:21
* Aeva Technologies Inc AEVA.N reported a quarterly
adjusted
loss of 56 cents per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -80 cents. The mean expectation of
five analysts for the quarter was for a loss of 61 cents per
share. Wall Street expected results to range from -65 cents
to -59 cents per share.
* Revenue rose 83.5% to $2.11 million from a year ago;
analysts
expected $1.70 million.
* Aeva Technologies Inc's reported EPS for the quarter was a
loss
of 67 cents.
* The company reported a quarterly loss of $35.33 million.
* Aeva Technologies Inc shares had fallen by 12.2% this
quarter and lost 8.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 12.4%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the
communications &
networking peer group is also "buy"
Wall Street's median 12-month price target for Aeva Technologies
Inc is $7.50
This summary was machine generated from LSEG data May 8 at 07:21
a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.61 -0.56 Beat
Dec. 31 2023 -0.75 -0.90 Missed
Sep. 30 2023 -0.76 -0.75 Beat
Jun. 30 2023 -0.79 -0.80 Missed