Energy Vault Holdings Inc reports results for the quarter ended in December - Earnings Summary

Energy Vault Holdings

12/03/2024 21:38

* Energy Vault Holdings Inc  NRGV.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -17 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 11 cents per
share. Wall Street expected results to range from -19 cents
to -8 cents per share.
    * Revenue rose 17.9% to $118.24 million from a year ago;
analysts
expected $151.50 million. 
    * Energy Vault Holdings Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The company reported a quarterly loss of $22.17 million.
    * Energy Vault Holdings Inc shares had fallen by 15.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
electrical
equipment peer group is also "buy"

Wall Street's median 12-month price target for Energy Vault
Holdings Inc is $6.00 
This summary was machine generated from LSEG data March 12 at
09:38 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      -0.11          -0.14          Missed
 Sep. 30 2023      -0.15          -0.13          Beat
 Jun. 30 2023      -0.20          -0.18          Beat
 Mar. 31 2023      -0.24          -0.22          Beat