Archer Aviation Inc reports results for the quarter ended December 31 - Earnings Summary

• Archer Aviation Inc ACHR.N reported a quarterly adjusted loss of 45 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -34 cents. The mean expectation of seven analysts for the quarter was for a loss of 29 cents per share. Wall Street expected results to range from -32 cents to -24 cents per share.

• Reported revenue was zero​; analysts expected $3.00 million.

• Archer Aviation Inc's reported EPS for the quarter was a loss of 45 cents​.

• The company reported a quarterly loss of $198.1 million.

• Archer Aviation Inc shares had fallen by 15.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% 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 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for Archer Aviation Inc is $12.25

This summary was machine generated from LSEG data February 28 at 03:08 a.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)