Enovix Corp expected to post a loss of 27 cents a share - Earnings Preview

Enovix

16/02/2024 22:01

* Enovix Corp  ENVX.OQ   ENVX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Fremont California-based  company is expected to
report a
208.3% increase in revenue to $3.369 million from $1.09 million
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Enovix Corp is for a
loss
of 27 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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
$22.00​, above​ its last closing price of $11.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.23       -0.23      -0.19     Beat    18.2
 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.        -0.16       -0.16      -0.15     Beat    4.8
 30 2022                                                
 Jun. 30 2022  -0.19       -0.18      -0.13     Beat    26.1​
 Mar. 31 2022  -0.15       -0.16      -0.13     Beat    17.5
 Dec. 31 2021  -0.14       -0.15      -0.18     Missed  -23.3
 This summary was machine generated February 16 at 22:01 GMT. 
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)