Enovix Corp expected to post a loss of 23 cents a share - Earnings Preview

Enovix

04/11/2023 03:03

* Enovix Corp  ENVX.OQ   ENVX.O  is expected to show a rise
in
quarterly revenue when it reports  results 
    * The Fremont California-based  company is expected to
report  a
1,399.0% increase in revenue to $119.92 thousand from $8
thousand a year ago, according to the mean estimate from 12
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Enovix Corp is for
a loss
of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Enovix Corp
is
$25​, above​ its last closing price of $10.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.22       -0.22      -0.19     Beat    13.2
 Mar. 31 2023  -0.21       -0.21      -0.20     Beat    6.7
 Dec. 31 2022  -0.16       -0.16      -0.19     Missed  -17.3​
 Sep. 30 2022  -0.16       -0.16      -0.15     Beat    4.8
 ​​Jun.        -0.19       -0.18      -0.13     Beat    26.1
 30 2022                                                
 Mar. 31 2022  -0.15       -0.16      -0.13     Beat    17.5​
 Dec. 31 2021  -0.14       -0.15      -0.18     Missed  -23.3
 Sep. 30 2021  -0.09       -0.09      -0.08     Beat    15.8
 This summary was machine generated November 4 at 03:03 GMT.  All
figures in US dollars  unless otherwise stated