* Energy Vault Holdings Inc reported a quarterly adjusted loss of 14 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of five analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -16 cents to -11 cents per share.
* Revenue fell 32.1% to $7.76 million from a year ago; analysts expected $12.57 million.
* Energy Vault Holdings Inc's reported EPS for the quarter was a loss of 14 cents.
* The company reported a quarterly loss of $21.14 million.
* Energy Vault Holdings Inc shares had fallen by 20.1% this quarter and lost 38.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.3% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the heavy electrical equipment peer group is also "buy"
Wall Street's median 12-month price target for Energy Vault Holdings Inc is $3.00 This summary was machine generated from LSEG data May 9 at 08:35 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 -0.13 -0.14 Missed
Dec. 31 2023 -0.11 -0.14 Missed
Sep. 30 2023 -0.13
Jun. 30 2023 -0.20 -0.18 Beat
Comments