QuantumScape Corporation reports results for the quarter ended September 30 - Earnings Summary

• QuantumScape Corporation reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of seven analysts for the quarter was for a loss of 17 cents per share. Wall Street expected results to range from -19 cents to -16 cents per share.

• Reported revenue was zero​; analysts expected zero.

• QuantumScape Corporation's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $84.48 million.

• QuantumScape Corporation shares had fallen by 14.3% this quarter and lost 61.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

• Wall Street's median 12-month price target for QuantumScape Corporation is $6.50, about 38.8% above its last closing price of $3.98

This summary was machine generated from LSEG data October 21 at 09:44 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)