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

Microvast Holdings

01/04/2024 23:32

* Microvast Holdings Inc  MVST.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -5 cents.  The mean expectation of four analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -9 cents to -2 cents per share.
    * Revenue rose 61.4% to $104.58 million from a year ago;
analysts
expected $94.43 million. 
    * Microvast Holdings Inc's reported EPS for the quarter was
a loss
of 8 cents​.
    * The company reported a quarterly loss of $24.54 million.
    * Microvast Holdings Inc shares had held steady so far this
quarter and lost 40.2% 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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is  "buy."

Wall Street's median 12-month price target for Microvast
Holdings Inc is $8.00 
This summary was machine generated from LSEG data April 1 at
10:32 p.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
 Dec. 31 2023      -0.07          -0.08          Missed
 Sep. 30 2023      -0.06          -0.03          Beat
 Jun. 30 2023      -0.09          -0.02          Beat
 Mar. 31 2023      -0.10          -0.04          Beat