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

• Microvast Holdings Inc MVST.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of three analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents tozero cents per share.

• Revenue rose 43.2% to $116.49 million from a year ago; analysts expected $106.00 million.

• Microvast Holdings Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $61.79 million.

• Microvast Holdings Inc shares had risen by 104.3% this quarter and gained 15.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 200% 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 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 May 13 at 06:48 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)