Microvast Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• Microvast Holdings Inc MVST.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of two analysts for the quarter was for breakeven results per share.

• Revenue rose 8.4% to $113.39 million from a year ago; analysts expected $91.88 million.

• Microvast Holdings Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $82.32 million.

• Microvast Holdings Inc shares had fallen by 44.4% this quarter.

FORECAST CHANGES

• 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 2 "strong buy" or "buy," no "hold" and no "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 Microvast Holdings Inc is $3.00

This summary was machine generated from LSEG data March 31 at 11:19 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)