Enovix Corp reports results for the quarter ended in January - Earnings Summary

Enovix

01/05/2024 23:40

* Enovix Corp  ENVX.OQ  reported a quarterly adjusted loss
of 31
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of -20
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 29 cents per share. Wall Street expected
results to range from -33 cents to -19 cents per share.
    * Revenue rose 25,004.8% to $5.27 million from a year ago;
analysts expected $3.78 million. 
    * Enovix Corp's reported EPS for the quarter was a loss
of 28
cents​.
    * The company reported a quarterly loss of $46.37 million.
    * Enovix Corp shares had fallen by 21.8% this quarter and
lost 50.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Enovix Corp
is
$23.00 

This summary was machine generated from LSEG data May 1 at 10:40
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
 Mar. 31 2024      -0.29          -0.31          Missed
 Dec. 31 2023      -0.27          -0.28          Missed
 Sep. 30 2023      -0.23          -0.19          Beat
 Jun. 30 2023      -0.22          -0.19          Beat