Energy Vault Holdings Inc expected to post a loss of 24 cents a share - Earnings Preview

Energy Vault Holdings

06/05/2023 03:10

* Energy Vault Holdings Inc  NRGV.N   NRGV.K  is expected
to show
a fall in quarterly revenue when it reports  results on May 9. 
    * The Westlake Village California-based  company is expected
to
report  a 70.3% decrease in revenue to $12.744 million from
$42.88 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Energy Vault
Holdings Inc
is for a loss of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Energy
Vault
Holdings Inc is $6​, above​ its last closing price of $1.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.16       -0.15      -0.17     Missed  -12.3
 Sep. 30 2022  -0.11       -0.13      -0.25     Missed  -87.3
 Jun. 30 2022  -0.08       -0.08      -0.16     Missed  -106​
 Mar. 31 2022  -0.04       -0.04      0.26      Beat    750
 ​​Dec.                    -11.55                       
 31 2021                                                
                                                        ​
 This summary was machine generated May 6 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated