EHang Holdings Ltd reports results for the quarter ended in June - Earnings Summary

EHang Holdings

22/08/2024 14:32

* EHang Holdings Ltd  EH.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The lone analyst forecast for the quarter was for a loss
of 12 cents per share. 
    * Revenue rose 917.2% to $14.04 million from a year ago;
analysts
expected $12.57 million. 
    * The company reported a quarterly loss of $9.84 million.
    * EHang Holdings Ltd shares had fallen by 8.2% this
quarter and
lost 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 108.6% 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 aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for EHang Holdings
Ltd is $24.75 
This summary was machine generated from LSEG data August 22 at
01:32 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
 Jun. 30 2024      -0.12          0.00           Beat
 Mar. 31 2024      -0.09          -0.02          Beat
 Dec. 31 2023      -0.10          -0.04          Beat
 Sep. 30 2023      -0.15          -0.06          Beat