Ecarx Holdings Inc. ECX.OQ reported a quarterly adjusted loss of 11 fen per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -87 fen. The mean expectation of two analysts for the quarter was for a loss of 67 fen per share. Wall Street expected results to range from -91 fen to -43 fen per share.
Revenue rose 2.1% to CNY1.94 billion from a year ago; analysts expected CNY1.74 billion.
Ecarx Holdings Inc.'s reported EPS for the quarter was a loss of 11 fen.
The company reported a quarterly loss of CNY36.3 million.
Ecarx Holdings Inc. shares had risen by 26.5% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 55.6% 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 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the integrated hardware & software peer group is also "buy"
Wall Street's median 12-month price target for Ecarx Holdings Inc. is $3.20
This summary was machine generated from LSEG data March 11 at 01:31 p.m. UTC. All figures in Chinese yuan renminbi 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)