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

Microvast Holdings

16/03/2023 22:28

* Microvast Holdings Inc  MVST.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in December.
The lone analyst forecast for the quarter was for a loss of 15
cents per share.
    * Revenue fell 3% to $64.80 million from a year ago;
analysts
expected $60.50 million. 
    * Microvast Holdings Inc's reported EPS for the quarter was
a loss
of 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 66.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Microvast Holdings Inc shares had fallen by 15.0% this
quarter.
    * The company reported a quarterly loss of $33.7 million.
    * Wall Street's median 12-month price target for Microvast
Holdings Inc is $8.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 10:28 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.15          -0.05          Beat
 Sep. 30 2022      -0.11          -0.26          Missed
 Mar. 31 2022      -0.17          -0.10          Beat