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

Microvast Holdings

02/08/2024 13:39

* Microvast Holdings Inc  MVST.OQ   MVST.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Stafford Texas Texas-based  company is expected to
report a
23.2% increase in revenue to $92.349 million from $74.95 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 7 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 $0.37.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.09       -0.07      -0.04     Beat    46.7
 Jan. 1 2024   -0.06       -0.07      -0.08     Missed  -14.3
 Sep. 30 2023  -0.06       -0.06      -0.03     Beat    50​
 Jun. 30 2023  -0.09       -0.09      -0.02     Beat    77.8
 ​​Jan.        -0.11       -0.10      -0.04     Beat    61.9
 1 0001                                                 
 Jan. 1 0001   -0.15       -0.15      -0.05     Beat    66.7​
 Jan. 1 0001   -0.11       -0.11      -0.26     Missed  -136.4
 This summary was machine generated August 2 at 12:39 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)