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

Evolv Technologies Holdings

09/08/2024 03:17

* Evolv Technologies Holdings Inc  EVLV.OQ  reported a
quarterly
adjusted loss of 6 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of
five analysts for the quarter was for a loss of 7 cents per
share. Wall Street expected results to range from -9 cents to -6
cents per share.
    * Revenue rose 28.8% to $25.54 million from a year ago;
analysts
expected $23.84 million. 
    * Evolv Technologies Holdings Inc's reported EPS for the
quarter
was 2 cents​.
    * The company reported quarterly net income of $3.42
million.
    * Evolv Technologies Holdings Inc shares had risen by 14.9%
this
quarter and lost 37.9% so far this year.

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 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Evolv
Technologies Holdings Inc is $5.88 
This summary was machine generated from LSEG data August 9 at
02:17 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
 Jun. 30 2024      -0.07          -0.06          Beat
 Mar. 31 2024      -0.07          -0.09          Missed
 Dec. 31 2023      -0.08          -0.07          Beat
 Sep. 30 2023      -0.09          -0.08          Beat