EVEX Earnings

EVEX reported its FY2024Q3 earnings on 2024-11-04, showcasing a revenue of 0.00 against an estimate of 0.00, resulting in a 0% surprise. The EPS was 0, surpassing the expected -0.13 by 0% . The stock experienced a -4.21% price change on the earnings day and a 4.56% change over the next five days, reflecting market reactions to the results.

Following EVEX's FY2024Q3 earnings announcement on 2024-11-04, the stock price moved by -4.21% on the day of the release. Over the subsequent five days, it saw a 4.56% change. Historically, EVEX's stock price tends to shift by an average of +5.55% in the 10 days leading up to earnings and +1.87% in the 10 days following, providing insight into potential market.

For , analysts estimate EVEX’s annual revenue to reach undefined, while the EPS is projected at 0.00. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by 0% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between EVEX's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2025 were No Change by 0%, while EPS estimates moved No Change by 0% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, EVEX's stock price typically moves by +5.55% in the 10 days before its earnings and +1.87% in the 10 days after. For the upcoming earnings, analysts expect an EPS of 0.00 and revenue of undefined.

The earnings call indicates strong investor support with a record cash position, strategic partnerships, and a substantial pre-order backlog. Despite a net loss, cash burn is optimized, and the company is on track with its guidance. The Bahrain collaboration suggests potential revenue streams, and the market strategy focuses on urban air mobility, a high-growth area. The Q&A section highlights ongoing developments and risk management, without major concerns raised. Considering the market cap and positive outlook, a positive stock price movement is anticipated over the next two weeks.