Enovix Corp expected to post a loss of 29 cents a share - Earnings Preview

Enovix

29/04/2024 23:51

* Enovix Corp  ENVX.OQ   ENVX.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Fremont California-based  company is expected to
report a
18,351.6% increase in revenue to $3.875 million from $21
thousand a year ago, according to the mean estimate from 12
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 had fallen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Enovix Corp
is
$23.00​, above​ its last closing price of $6.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.29       -0.27      -0.28     Missed  -4.1
 Sep. 30 2023              -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
 ​​Jan.        -0.16       -0.16      -0.19     Missed  -17.3
 1 0001                                                 
 Jan. 1 0001   -0.16       -0.16      -0.15     Beat    4.8​
 Jun. 30 2022  -0.19       -0.18      -0.13     Beat    26.1
 Jan. 1 0001   -0.15       -0.16      -0.13     Beat    17.5
 This summary was machine generated April 29 at 22:51 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)