Microvast Holdings Inc expected to post a loss of 7 cents a share - Earnings Preview

Microvast Holdings

29/03/2024 21:01

* Microvast Holdings Inc  MVST.OQ   MVST.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 1
for the period ending December 31 2023
    * The Stafford Texas Texas-based  company is expected to
report a
45.7% increase in revenue to $94.432 million from $64.8 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Microvast Holdings Inc
is for
a loss of 7 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "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 $8.00​, above​ its last closing price of $0.84.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.06       -0.06      -0.03     Beat    50
 Jun. 30 2023  -0.09       -0.09      -0.02     Beat    77.8
 Mar. 31 2023  -0.11       -0.10      -0.04     Beat    61.9​
 Dec. 31 2022  -0.15       -0.15      -0.05     Beat    66.7
 ​​Sep.        -0.11       -0.11      -0.26     Missed  -136.4
 30 2022                                                
                                                        ​
 Mar. 31 2022  -0.17       -0.17      -0.10     Beat    41.2
                                      -0.61             
 This summary was machine generated March 29 at 21:00 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)