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

Enovix

26/04/2023 22:02

* Enovix Corp  ENVX.OQ  reported a quarterly adjusted loss
of 20
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue was $21.00 thousand​; analysts expected $44.33
thousand. 
    * Enovix Corp's reported EPS for the quarter was a loss
of 47
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Enovix Corp shares had fallen by 15.0% this quarter and
gained 1.8% so far this year.
    * The company reported a quarterly loss of $73.6 million.
    * Wall Street's median 12-month price target for Enovix Corp
is
$20.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.21          -0.20          Beat
 Dec. 31 2022      -0.16          -0.19          Missed
 Sep. 30 2022      -0.16          -0.15          Beat
 Jun. 30 2022      -0.18          -0.13          Beat