Enovix Corp reports results for the quarter ended in September 30 - Earnings Summary

Enovix

30/10/2024 04:11

* Enovix Corp  ENVX.OQ  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -19 cents.  The mean expectation of twelve analysts for the
quarter was for a loss of 20 cents per share. Wall Street
expected results to range from -25 cents to -19 cents per share.
    * Revenue rose 2,058.5% to $4.32 million from a year ago;
analysts
expected $4.11 million. 
    * Enovix Corp's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $22.54 million.
    * Enovix Corp shares had risen by 22.2% this quarter and
lost 8.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * 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
21.00 
This summary was machine generated from LSEG data October 30 at
04:10 a.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
 Sep. 30 2024      -0.20          -0.17          Beat
 Jun. 30 2024      -0.23          -0.14          Beat
 Mar. 31 2024      -0.29          -0.31          Missed
 Dec. 31 2023      -0.27          -0.28          Missed