* Quantumscape Corp reported a quarterly adjusted loss of 24 cents per share for the quarter ended in March, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -23 cents to -18 cents per share.
* Reported revenue was zero; analysts expected zero.
* Quantumscape Corp's reported EPS for the quarter was a loss of 24 cents.
* Quantumscape Corp shares had fallen by 11.1% this quarter and lost 19.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 31.9% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 3 "sell" or "strong sell."
* The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "hold"
Wall Street's median 12-month price target for Quantumscape Corp is $6.00 This summary was machine generated from LSEG data April 24 at 09:56 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
Mar. 31 2024 -0.21 -0.24 Missed
Dec. 31 2023 -0.34 -0.23 Beat
Sep. 30 2023 -0.30 -0.23 Beat
Jun. 30 2023 -0.20 -0.26 Missed
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