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

• Microvast Holdings, Inc. reported a quarterly adjusted loss of 20 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of two analysts for the quarter was for earnings of 2 cents per share.

• Revenue fell 62.8% to $45.81 million from a year ago; analysts expected $80.24 million.

• Microvast Holdings, Inc.'s reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $76.8 million.

• Microvast Holdings, Inc. shares had fallen by 1.7% this quarter and lost 77.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Microvast Holdings, Inc. is $4.50, about 86.3% above its last closing price of $0.62

This summary was machine generated from LSEG data November 9 at 11:44 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)