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

Microvast Holdings

10/11/2022 23:40

* Microvast Holdings Inc  MVST.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in September.
The lone analyst forecast for the quarter was for a loss of 11
cents per share.
    * Revenue rose 4.7% to $38.62 million from a year ago;
analysts
expected $52.70 million. 
    * Microvast Holdings Inc's reported EPS for the quarter was
a loss
of 49 cents​.
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Microvast Holdings Inc shares had risen by 25.4% this
quarter and lost 59.9% so far this year.
    * The company reported a quarterly loss of $116.48 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 Refinitiv data November
10 at 11:40 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.11          -0.26          Missed
 Mar. 31 2022      -0.17          -0.10          Beat
                                  -0.61