Microvast Holdings Inc expected to post a loss of 6 cents a share - Earnings Preview

Microvast Holdings

08/11/2024 21:39

* Microvast Holdings Inc  MVST.OQ   MVST.O  is expected
to show a
rise in quarterly revenue when it reports  results on November
12 for the period ending January 1 0001
    * The Stafford Texas Texas-based  company is expected to
report a
24.4% increase in revenue to $99.697 million from $80.12 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Microvast Holdings Inc
is for
a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Microvast
Holdings Inc is $3.00​, above​ its last closing price of $0.16.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.08       -0.07      -0.21     Missed  -200
 Mar. 31 2024  -0.09       -0.07      -0.04     Beat    46.7
 Dec. 31 2023              -0.07      -0.08     Missed  -14.3​
 Sep. 30 2023  -0.06       -0.06      -0.03     Beat    50
 ​​Jun.        -0.09       -0.09      -0.02     Beat    77.8
 30 2023                                                
 Jan. 1 0001   -0.11       -0.10      -0.04     Beat    61.9​
 Dec. 31 2022  -0.15       -0.15      -0.05     Beat    66.7
 Sep. 30 2022  -0.11       -0.11      -0.26     Missed  -136.4
 This summary was machine generated November 8 at 21:39 GMT.  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)