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

Energy Vault Holdings

09/05/2023 23:05

* Energy Vault Holdings Inc  NRGV.N  reported a quarterly
adjusted
loss of 22 cents​​ per share for the quarter ended in March. The
mean expectation of six analysts for the quarter was for a loss
of 24 cents per share.
    * Revenue fell 73.4% to $11.42 million from a year ago;
analysts
expected $12.74 million. 
    * Energy Vault Holdings Inc's reported EPS for the quarter
was a
loss of 22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 73.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Energy Vault Holdings Inc shares had fallen by 19.6% this
quarter and lost 44.9% so far this year.
    * The company reported a quarterly loss of $31.17 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 May
9 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.24          -0.22          Beat
 Dec. 31 2022      -0.15          -0.17          Missed
 Sep. 30 2022      -0.13          -0.25          Missed
 Jun. 30 2022      -0.08          -0.16          Missed