Ecarx Holdings Inc. reports results for the quarter ended in December - Earnings Summary

Ecarx Holdings.

28/02/2024 16:53

* Ecarx Holdings Inc.  ECX.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in December.  The
lone analyst forecast for the quarter was for a loss of 13 cents
per share. 
    * Revenue was $263.10 million​; analysts expected $209.50
million. 
    * Ecarx Holdings Inc.'s reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $41.8 million.
    * Ecarx Holdings Inc. shares had fallen by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 45.8%
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 2 "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 $5.20 
This summary was machine generated from LSEG data February 28 at
04:53 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
 Dec. 31 2023      -0.13          -0.12          Beat
 Sep. 30 2023      -0.09          -0.11          Missed
 Jun. 30 2023      -0.11          -0.07          Beat
 Mar. 31 2023      -0.14          -0.08          Beat