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

Canoo

15/08/2024 06:39

* Canoo Inc  GOEV.OQ  reported a quarterly adjusted loss
of 61
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-3.22.  The mean expectation of six analysts for the quarter
was for a loss of 77 cents per share. Wall Street expected
results to range from -87 cents to -55 cents per share.
    * Revenue was $605.00 thousand​; analysts expected $913.25
thousand. 
    * Canoo Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $6.04 million.
    * Canoo Inc shares had fallen by 33.8% this quarter and
lost 76.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 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
$5.00 
This summary was machine generated from LSEG data August 15 at
05:39 a.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
 Jun. 30 2024      -0.77          -0.61          Beat
 Mar. 31 2024      -0.97          -2.20          Missed
 Dec. 31 2023      -1.77          -0.92          Beat
 Sep. 30 2023      -2.77          -1.38          Beat