Earning Analysis
Welcome to our in-depth analysis of (GOEV) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2024Q2 | 2024-08-14 | After Hours | -0.77 | -0.09 | +88.31 | 1.56M | 605.00K | -61.19 | +9.22 | +1.42 |
| FY2024Q1 | 2024-05-14 | - | -0.97 | -2.20 | -126.80 | 1.22M | - | - | +2.57 | +0.37 |
| FY2023Q4 | 2024-04-01 | - | - | -0.93 | - | 703.80K | 367.00K | -47.85 | +8.40 | -40.34 |
| FY2023Q3 | 2023-11-14 | - | -0.12 | -0.07 | +41.67 | 550.00K | 519.00K | -5.64 | +6.72 | +43.87 |
| FY2023Q2 | 2023-08-14 | - | -0.19 | -0.14 | +26.32 | - | - | - | -1.17 | -14.17 |
| - | 2023-05-15 | - | -0.19 | -0.17 | +10.53 | - | - | - | +1.87 | +13.75 |
| - | 2023-03-30 | - | -0.35 | -0.26 | +25.71 | - | - | - | +1.14 | -10.88 |
| - | 2022-11-09 | - | -0.48 | -0.42 | +12.50 | - | - | - | -10.34 | +12.64 |
| - | 2022-08-08 | - | -0.53 | -0.68 | -28.30 | - | - | - | +6.49 | +15.68 |
| - | 2022-05-10 | - | -0.50 | -0.54 | -8.00 | - | - | - | -5.12 | -12.48 |
GOEV Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, reported performance for FY2024Q2, announced on 2024-08-14. The company achieved an EPS of -0.09, compared to analyst estimates of -0.77 by 88.31% . Revenue for the quarter reached 605.00K compared to expectations of 1.56M by -61.19% .
The stock price reacted with a 9.22% one-day change and a 1.42% five-day change following the earnings release. These movements reflect market reaction in growth trajectory and strategic initiatives.
GOEV Earnings Forecast
Looking ahead, (GOEV) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2024/Q4 project quarter revenue of 15.00M and an EPS of .
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2024 have been No Change by 0%, while EPS estimates have been No Change by 0%. For the upcoming , revenue estimates have been adjusted No Change by % . These revisions correlate with a % change in stock price over the same period, suggesting potential buying opportunities for investors who believe in long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between GOEV's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2024
No Change
0.00%
In Past 3 Month
Revenue Estimates for Q4 2024
No Change
0.00%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2024
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2024:15.60M
--
EPS Estimate-Annual FY 2024:0
—
Stock Price0.37
GOEV Revenue and EPS Performance: A Historical Perspective
revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2024Q2 (2024-08-14,After Hours):
EPS: -0.09 (Actual) vs.-0.77 (Estimate) (88.31%)
Revenue: 605.00K (Actual) vs. 1.56M (Estimate) (-61.19%)
Price Reaction: 9.22%(1-Day), 1.42%(5-Day)
FY2024Q1 (2024-05-14,):
EPS: -2.20 (Actual) vs.-0.97 (Estimate) (-126.80%)
Revenue: 0.00 (Actual) vs. 1.22M (Estimate) (%)
Price Reaction: 2.57%(1-Day), 0.37%(5-Day)
FY2023Q4 (2024-04-01,):
EPS: -0.93 (Actual) vs. (Estimate) (%)
Revenue: 367.00K (Actual) vs. 703.80K (Estimate) (-47.85%)
Price Reaction: 8.40%(1-Day), -40.34%(5-Day)
Earnings Reaction
The chart below shows how GOEV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GOEV sees a +9.97% change in stock price 10 days leading up to the earnings, and a -4.05% change 10 days following the report. On the earnings day itself, the stock moves by +0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in JUN/2024, the stock changed 9.22% on the day following the earnings release and then changed by 2.13% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Canoo Inc. (GOEV) Q3 2024 Earnings Call Summary
Negative
2024-11-14
The earnings call reveals several challenges for Canoo, including workforce furloughs, supply chain disruptions, and financial instability due to capital raising difficulties. Despite revenue growth and cost reductions, the company faces significant risks, such as regulatory issues and economic pressures. The Q&A section highlights management's uncertainty about financing and production timelines, further compounding negative sentiment. While there are positive aspects like revenue growth and cost savings, these are overshadowed by the broader concerns, leading to a likely negative stock price reaction in the short term.
Canoo, Inc. (GOEV) Q2 2024 Earnings Call Summary
Positive
2024-08-14
The earnings call highlights significant improvements in financial metrics, including revenue growth and reductions in expenses and losses. The strategic focus on commercial fleet and government markets, along with the successful delivery to USPS and expansion into Saudi Arabia, is promising. Despite some supply chain and financing risks, the company's proactive measures and the establishment of a foreign trade zone are positive. The Q&A reflects a constructive dialogue with analysts, although some answers lacked clarity. Overall, the positive financial performance and strategic initiatives suggest a potential stock price increase in the short term.
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FAQ
What were the key highlights of GOEV’s latest earnings report for FY2024Q2?
GOEV reported its FY2024Q2 earnings on 2024-08-14, showcasing a revenue of 605.00K against an estimate of 1.56M, resulting in a -61.19% surprise. The EPS was -0.09, surpassing the expected -0.77 by 88.31% . The stock experienced a 9.22% price change on the earnings day and a 1.42% change over the next five days, reflecting market reactions to the results.
How did GOEV’s stock price react after the FY2024Q2 earnings release?
What are the revenue and EPS estimates for GOEV for 2024/Q4?
How does GOEV’s stock price correlate with earnings forecast revisions?
What should investors expect from GOEV’s next earnings report?