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

Microvast Holdings

10/05/2023 01:01

* Microvast Holdings Inc  MVST.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in March. The
mean expectation of two analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue held steady 0% to $36.67 million from a year ago;
analysts expected $38.78 million. 
    * Microvast Holdings Inc's reported EPS for the quarter was
a loss
of 15 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Microvast Holdings Inc shares had fallen by 4.0% this
quarter and lost 22.2% so far this year.
    * The company reported a quarterly loss of $43.78 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 May
10 at 12:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          -0.10          Met
 Dec. 31 2022      -0.15          -0.05          Beat
 Sep. 30 2022      -0.11          -0.26          Missed