Energy Vault Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

Energy Vault Holdings

13/11/2024 14:18

* Energy Vault Holdings Inc  NRGV.N  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -13 cents.  The mean expectation of five analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -17 cents to -12 cents per share.
    * Revenue fell 99.3% to $1.20 million from a year ago;
analysts
expected $13.40 million. 
    * Energy Vault Holdings Inc's reported EPS for the quarter
was a
loss of 18 cents​.
    * The company reported a quarterly loss of $26.59 million.
    * Energy Vault Holdings Inc shares had risen by 109.4% this
quarter and lost 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 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 $2.50 
This summary was machine generated from LSEG data November 13 at
02:18 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
 Sep. 30 2024      -0.14          -0.18          Missed
 Jun. 30 2024      -0.12          -0.18          Missed
 Mar. 31 2024      -0.13          -0.14          Missed
 Dec. 31 2023      -0.11          -0.14          Missed