Nikola Corp expected to post a loss of $2.35 a share - Earnings Preview

Nikola

29/10/2024 13:55

* Nikola Corp  NKLA.OQ   NKLA.O  is expected to show a rise
in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Phoenix Arizona-based  company is expected to report a
2,249.5% decrease in revenue to $37.23 million from $-1.73
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Nikola Corp is for a
loss of
$2.35 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Nikola Corp
is
13.00​, above​ its last closing price of $5.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -2.88       -2.85      -2.67     Beat    6.2
 Mar. 31 2024  -2.89       -2.90      -2.70     Beat    7.1
 Dec. 31 2023  -4.51       -3.90      -3.30     Beat    15.4​
 Sep. 30 2023  -3.85       -4.17      -9.00     Missed  -115.8
 ​​Jun.        -6.32       -6.73      -6.00     Beat    10.9
 30 2023                                                
 Mar. 31 2023  -7.42       -7.72      -7.80     Missed  -1.1​
 Dec. 31 2022  -12.39      -12.90     -11.10    Beat    14
 Sep. 30 2022  -12.01      -11.77     -8.40     Beat    28.6
 This summary was machine generated October 29 at 13:54 GMT.  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)