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

Ecarx Holdings.

08/08/2024 15:21

* Ecarx Holdings Inc.  ECX.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -7 cents.  The lone analyst forecast for the quarter was
for a loss of 8 cents per share. 
    * Revenue rose 31.7% to $173.00 million from a year ago;
analysts
expected $169.75 million. 
    * Ecarx Holdings Inc.'s reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $39.2 million.
    * Ecarx Holdings Inc. shares had fallen by 23.5% this
quarter and
lost 50.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 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 $4.25 
This summary was machine generated from LSEG data August 8 at
02:21 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      -0.08          -0.12          Missed
 Mar. 31 2024      -0.08          -0.12          Missed
 Dec. 31 2023      -0.13          -0.12          Beat
 Sep. 30 2023      -0.09          -0.11          Missed