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

• Ecarx Holdings Inc. ECX.OQ reported quarterly breakeven results​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of CNY-1.00. The mean expectation of two analysts for the quarter was for a loss of 22 fen per share. Wall Street expected results to range from -29 fen to -14 fen per share.

• Revenue rose 8.2% to CNY1.57 billion from a year ago; analysts expected CNY1.90 billion.

• Ecarx Holdings Inc.'s reported EPS for the quarter was breakeven results​.

• The company reported quarterly net income of CNY6.44 million.

• Ecarx Holdings Inc. shares had risen by 24.4% this quarter and gained 18.5% 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 no "sell" or "strong sell." The average consensus recommendation for the integrated hardware & software peer group is also "buy"

• Wall Street's median 12-month price target for Ecarx Holdings Inc. is $3.50, about 28.6% above its last closing price of $2.50

This summary was machine generated from LSEG data November 3 at 04:45 p.m. UTC. ​All figures in Chinese yuan renminbi 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)