Canoo Inc expected to post a loss of 97 cents a share - Earnings Preview

Canoo

10/05/2024 23:07

* Canoo Inc  GOEV.OQ   GOEV.O  is expected to show a rise in
quarterly revenue when it reports  results on May 14 for the
period ending March 31 2024
    * The Torrance California-based  company is expected to
report
revenue of $1.219 million, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Canoo Inc is for a loss
of 97
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 had fallen by
about 0.2%
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 $2.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  -4.51       -4.37      -3.22     Beat    26.3​
 Mar. 31 2023  -4.39       -4.37      -5.06     Missed  -15.8
 ​​Dec.                    -8.05      -5.75     Beat    28.6
 31 2022                                                
 Sep. 30 2022  -11.08      -11.04     -9.89     Beat    10.4​
 Jun. 30 2022  -12.19      -12.19     -15.64    Missed  -28.3
 Mar. 31 2022  -11.59      -11.50     -12.42    Missed  -8
 This summary was machine generated May 10 at 22:07 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)