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

Microvast Holdings

07/08/2023 23:29

* Microvast Holdings Inc  MVST.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 9 cents per share.
    * Revenue rose 16.4% to $74.95 million from a year ago;
analysts
expected $64.35 million. 
    * Microvast Holdings Inc's reported EPS for the quarter was
a loss
of 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.5%
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 risen by 55.0% this
quarter and gained 62.1% so far this year.
    * The company reported a quarterly loss of $26.09 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 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.02          Beat
 Mar. 31 2023      -0.10          -0.04          Beat
 Dec. 31 2022      -0.15          -0.05          Beat
 Sep. 30 2022      -0.11          -0.26          Missed