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

• Energy Vault Holdings Inc NRGV.N reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of five analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -17 cents to -12 cents per share.

• Revenue fell 99.3% to $1.20 million from a year ago; analysts expected $13.40 million.

• Energy Vault Holdings Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $26.59 million.

• Energy Vault Holdings Inc shares had risen by 109.4% this quarter and lost 13.7% 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 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 $2.50

This summary was machine generated from LSEG data November 13 at 02:18 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)