Canoo Inc reports results for the quarter ended in December - Earnings Summary

Canoo

02/04/2024 24:38

* Canoo Inc  GOEV.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-5.75.  The mean expectation of five analysts for the quarter
was for a loss of $1.77 per share. Wall Street expected
results to range from $-2.07 to $-1.38 per share.
    * Revenue was $367.00 thousand​; analysts expected $703.80
thousand. 
    * Canoo Inc's reported EPS for the quarter was a loss of 4
cents​.
    * The company reported a quarterly loss of $29.05 million.
    * Canoo Inc shares had held steady so far this quarter and
lost 39.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto & truck
manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Canoo Inc is
$32.25 
This summary was machine generated from LSEG data April 1 at
11:38 p.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
 Dec. 31 2023      -1.77          -0.04          Beat
 Sep. 30 2023      -2.77          -1.38          Beat
 Jun. 30 2023      -4.37          -3.22          Beat
 Mar. 31 2023      -4.37          -5.06          Missed