Canoo Inc expected to post a loss of $1.77 a share - Earnings Preview

Canoo

29/03/2024 20:42

* Canoo Inc  GOEV.OQ   GOEV.O  is expected to show a rise in
quarterly revenue when it reports  results on April 1 for the
period ending December 31 2023
    * The Torrance California-based  company is expected to
report
revenue of $703.8 thousand, according to the mean estimate from
5 analysts, based on LSEG data. (Revenue is on Net Revenue
Basis)
    * ​LSEG's mean analyst estimate for Canoo Inc is for a loss
of
$1.77 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Canoo Inc
is
$32.25​, above​ its last closing price of $3.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -2.88       -2.77      -1.38     Beat    50.1
 Jun. 30 2023  -4.51       -4.37      -3.22     Beat    26.3
 Mar. 31 2023  -4.39       -4.37      -5.06     Missed  -15.8​
 Dec. 31 2022              -8.05      -5.75     Beat    28.6
 ​​Sep.        -11.08      -11.04     -9.89     Beat    10.4
 30 2022                                                
 Jun. 30 2022  -12.19      -12.19     -15.64    Missed  -28.3​
 Mar. 31 2022  -11.59      -11.50     -12.42    Missed  -8
 Dec. 31 2021  -11.23      -11.73     -13.80    Missed  -17.6
 This summary was machine generated March 29 at 20:42 GMT.  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)