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

Enovix

26/07/2023 22:01

* Enovix Corp  ENVX.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue fell 99.2% to $42.00 thousand from a year ago;
analysts
expected $41.36 thousand. 
    * Enovix Corp's reported EPS for the quarter was a loss
of 41
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Enovix Corp shares had risen by 5.4% this quarter and
gained 52.9% so far this year.
    * The company reported a quarterly loss of $64.31 million.
    * Wall Street's median 12-month price target for Enovix Corp
is
$25.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.22          -0.19          Beat
 Mar. 31 2023      -0.21          -0.20          Beat
 Dec. 31 2022      -0.16          -0.19          Missed
 Sep. 30 2022      -0.16          -0.15          Beat