Aeva Technologies (AEVA) to Release Quarterly Earnings on Wednesday

Aeva Technologies (NYSE:AEVA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.70) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.02. Aeva Technologies had a negative net margin of 2,835.99% and a negative return on equity of 58.54%. The firm had revenue of $2.11 million during the quarter, compared to analysts’ expectations of $1.70 million. On average, analysts expect Aeva Technologies to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Aeva Technologies Trading Down 7.8 %

NYSE:AEVA opened at $2.92 on Tuesday. The firm has a 50-day moving average price of $2.99 and a two-hundred day moving average price of $3.77. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $7.25. The company has a market capitalization of $154.05 million, a P/E ratio of -0.93 and a beta of 1.40.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their price target on shares of Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.92.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.