Canoo Inc expected to post a loss of 77 cents a share - Earnings Preview

Canoo

12/11/2024 03:48

* Canoo Inc  GOEV.OQ   GOEV.O  is expected to show a rise in
quarterly revenue when it reports  results on November 13 for
the period ending September 30 2024
    * The Torrance California-based  company is expected to
report a
307.0% increase in revenue to $2.113 million from $519 thousand
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Canoo Inc is for a loss
of 77
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$5.00​, above​ its last closing price of $0.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.76       -0.77      -0.61     Beat    20.6
 Mar. 31 2024  -0.91       -0.97      -2.20     Missed  -127.3
 Dec. 31 2023  -1.83       -1.77      -0.92     Beat    48.1​
 Sep. 30 2023  -2.88       -2.77      -1.38     Beat    50.1
 ​​Jun.        -4.51       -4.37      -3.22     Beat    26.3
 30 2023                                                
 Mar. 31 2023  -4.39       -4.37      -5.06     Missed  -15.8​
 Dec. 31 2022              -8.05      -5.75     Beat    28.6
 Jan. 1 0001   -11.08      -11.04     -9.89     Beat    10.4
 This summary was machine generated November 12 at 03:47 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)