Canoo Inc reports results for the quarter ended September 30 - Earnings Summary

Canoo

15/11/2024 14:15

* Canoo Inc  GOEV.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-1.38.  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 $-1.08 to -46 cents per share.
    * Revenue rose 71.7% to $891.00 thousand from a year ago;
analysts
expected $2.11 million. 
    * Canoo Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $2.02
million.
    * Canoo Inc shares had fallen by 45.5% this quarter and
lost 90.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$4.50 
This summary was machine generated from LSEG data November 15 at
02:15 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
 Sep. 30 2024      -0.77          0.02           Beat
 Jun. 30 2024      -0.77          -0.61          Beat
 Mar. 31 2024      -0.97          -2.20          Missed
 Dec. 31 2023      -1.77          -0.92          Beat