Evolv Technologies Holdings Inc reports results for the quarter ended in December - Earnings Summary

Evolv Technologies Holdings

29/02/2024 22:01

* Evolv Technologies Holdings Inc  EVLV.OQ  reported a
quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -12 cents.  The mean expectation of
five analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -9 cents to -7
cents per share.
    * Revenue rose 4.5% to $21.82 million from a year ago;
analysts
expected $19.33 million. 
    * Evolv Technologies Holdings Inc's reported EPS for the
quarter
was a loss of 11 cents​.
    * The company reported a quarterly loss of $16.89 million.
    * Evolv Technologies Holdings Inc shares had fallen by 2.5%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Evolv
Technologies Holdings Inc is $8.25 

This summary was machine generated from LSEG data February 29 at
10:00 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 2023      -0.08          -0.07          Beat
 Sep. 30 2023      -0.09          -0.08          Beat
 Jun. 30 2023      -0.11          -0.10          Beat
 Mar. 31 2023      -0.15          -0.12          Beat