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

Canoo

14/08/2023 22:03

* Canoo Inc  GOEV.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 19 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Canoo Inc's reported EPS for the quarter was a loss of 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Canoo Inc shares had risen by 7.4% this quarter and
lost 58.2%
so far this year.
    * The company reported a quarterly loss of $70.87 million.
    * Wall Street's median 12-month price target for Canoo Inc
is
$1.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.19          -0.14          Beat
 Mar. 31 2023      -0.19          -0.22          Missed
 Dec. 31 2022      -0.35          -0.25          Beat
 Sep. 30 2022      -0.48          -0.43          Beat