NRGV Earnings Prediction
The chart below shows how NRGV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NRGV sees a +0.38% change in stock price 10 days leading up to the earnings, and a -8.57% change 10 days following the report. On the earnings day itself, the stock moves by -1.86%. This data can give you a slight idea of what to expect for the next quarter's release.
NRGV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.20M
-99.30%
-68.20%
Gross Margin
19.35%
382.54%
-5.24%
Operating Margin
-2261.22%
18239.17%
232.86%
Net Margin
-2219.85%
20080.45%
219.44%
EPS
-0.18
-38.46%
-0.00%
No Data Available
NRGV Earnings Analysis
Energy Vault Holdings, Inc. Corporation (NRGV.N) Earnings Conference Call
Positive
Revenue Backlog Increase: The company currently maintains a revenue backlog of $350 million, which increased 33% from the figure reported during our 2Q earnings results.
Gross Margin Improvement: Our gross margin was 40.3% for the third quarter, up from 4.2% a year ago, reflecting favorable revenue mix largely associated with software and services.
Gross Margin Performance: Through nine months of the year, gross margin is tracking at 28.3%, above the guided range of 15% to 25% for the fully year 2024.
Calistoga Project Returns: We expect to return $30 million from the Calistoga project anticipated to close by year-end.
Projected Project Returns: We expect to return another $40 million from the Cross Trails project over the next two quarters.
Negative
Net Loss Reported: The company reported a net loss of $14.7 million in Q3, indicating a negative trend compared to previous quarters.
Decline in Adjusted EBITDA: Adjusted EBITDA was negative $14.7 million, reflecting a decline in profitability year-over-year.
Operating Expenses Increase: Operating expenses increased to $15.2 million, which is a 13% rise compared to the previous year, indicating rising costs.
Revenue Backlog Growth Analysis: The revenue backlog grew by only 33% to $350 million, which is lower than expected growth rates.
Liquidity Decline: Cash reserves decreased to $78 million from $113 million, highlighting a significant drop in liquidity.
NRGV FAQs
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NRGV Earning Call Sentiment
Energy Vault Holdings, Inc. (NRGV) Q3 2024 Earnings Call Transcript
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00:00
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NRGV.N
-1.46%Positive
The earnings call summary presents a mixed picture. Positive aspects include a significant revenue backlog, improved gross margins, and a strategic focus on long-term value creation. However, concerns arise from operational risks, cash flow challenges, and increased market competition. The Q&A section highlights management's cautious approach, with unclear responses on capacity additions and financial implications of tech improvements. Despite optimistic guidance, the lack of clear short-term catalysts and existing challenges suggest a neutral stock price movement over the next two weeks.