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

• Enovix Corporation reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of twelve analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -16 cents to -13 cents per share.

• Revenue rose 38.2% to $11.04 million from a year ago; analysts expected $9.69 million.

• Enovix Corporation's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $41.95 million.

• Enovix Corporation shares had fallen by 12.8% this quarter and lost 65.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.3% 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 8 "strong buy" or "buy," 3 "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 Enovix Corporation is $9.50, about 73.4% above its last closing price of $2.53

This summary was machine generated from LSEG data November 12 at 04:37 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)