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

Energy Vault Holdings

09/05/2024 21:36

* Energy Vault Holdings Inc  NRGV.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -22 cents.  The mean expectation of
five analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -16 cents
to -11 cents per share.
    * Revenue fell 32.1% to $7.76 million from a year ago;
analysts
expected $12.57 million. 
    * Energy Vault Holdings Inc's reported EPS for the quarter
was a
loss of 14 cents​.
    * The company reported a quarterly loss of $21.14 million.
    * Energy Vault Holdings Inc shares had fallen by 20.1% this
quarter and lost 38.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and 2 "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 $3.00 
This summary was machine generated from LSEG data May 9 at 08:35
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
 Mar. 31 2024      -0.13          -0.14          Missed
 Dec. 31 2023      -0.11          -0.14          Missed
 Sep. 30 2023                     -0.13          
 Jun. 30 2023      -0.20          -0.18          Beat