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

Energy Vault Holdings

08/08/2023 14:34

* Energy Vault Holdings Inc  NRGV.N  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended in June. The
mean expectation of six analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue rose 3,961.4% to $39.68 million from a year ago;
analysts expected $55.31 million. 
    * Energy Vault Holdings Inc's reported EPS for the quarter
was a
loss of 18 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Energy Vault Holdings Inc shares had risen by 13.2% this
quarter and lost 1.0% so far this year.
    * The company reported a quarterly loss of $26.16 million.
    * Wall Street's median 12-month price target for Energy
Vault
Holdings Inc is $6.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.20          -0.18          Beat
 Mar. 31 2023      -0.24          -0.22          Beat
 Dec. 31 2022      -0.15          -0.17          Missed
 Sep. 30 2022      -0.13          -0.25          Missed