Enovix Corp reports results for the quarter ended December 31 - Earnings Summary

Enovix

19/02/2025 22:03

* Enovix Corp  ENVX.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of -28
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 18 cents per share. Wall Street expected
results to range from -21 cents to -14 cents per share.
    * Revenue rose 31.6% to $9.72 million from a year ago;
analysts
expected $8.77 million. 
    * Enovix Corp's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $37.47 million.
    * Enovix Corp shares had risen by 2.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Enovix Corp is
$20.00 
This summary was machine generated from LSEG data February 19 at
10:01 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
 Dec. 31 2024      -0.18          -0.11          Beat
 Sep. 30 2024      -0.20          -0.17          Beat
 Jun. 30 2024      -0.23          -0.14          Beat
 Mar. 31 2024      -0.29          -0.31          Missed