Aeva Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary
07/11/2024 05:20
* Aeva Technologies Inc AEVA.N reported a quarterly
adjusted
loss of 70 cents per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -75 cents. The mean expectation of
five analysts for the quarter was for a loss of 59 cents per
share. Wall Street expected results to range from -61 cents
to -57 cents per share.
* Revenue rose 177.8% to $2.25 million from a year ago;
analysts
expected $2.10 million.
* Aeva Technologies Inc's reported EPS for the quarter was a
loss
of 70 cents.
* The company reported a quarterly loss of $37.4 million.
* Aeva Technologies Inc shares had risen by 31.0% this
quarter and
gained 13.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 5.50
This summary was machine generated from LSEG data November 7 at
05:20 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
Sep. 30 2024 -0.59 -0.70 Missed
Jun. 30 2024 -0.58 -0.57 Beat
Mar. 31 2024 -0.61 -0.56 Beat
Dec. 31 2023 -0.70 -0.90 Missed