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

• Energy Vault Holdings, Inc. NRGV.N reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of five analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -17 cents to -13 cents per share.

• Revenue fell 60.8% to $13.07 million from a year ago; analysts expected $13.29 million.

• Energy Vault Holdings, Inc.'s reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $28.16 million.

• Energy Vault Holdings, Inc. shares had fallen by 8.8% this quarter and lost 21.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 1 "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 Energy Vault Holdings, Inc. is $7.00, about 49.6% above its last closing price of $3.53

This summary was machine generated from LSEG data November 10 at 10:39 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)