Microvast Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• Microvast Holdings Inc MVST.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -8 cents to -5 cents per share.

• Revenue rose 26.6% to $101.39 million from a year ago; analysts expected $99.70 million.

• Microvast Holdings Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $13.25 million.

• Microvast Holdings Inc shares had fallen by 27.6% this quarter and lost 87.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Microvast Holdings Inc is $3.00

This summary was machine generated from LSEG data November 13 at 02:17 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)