Energy Vault Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Energy Vault Holdings Inc NRGV.N reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of three analysts for the quarter was for a loss of 7 cents per share.

• Revenue rose 125.8% to $8.51 million from a year ago; analysts expected $30.57 million.

• Energy Vault Holdings Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $34.93 million.

• Energy Vault Holdings Inc shares had risen by 95.3% this quarter and lost 38.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 41.7% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is "buy."

• Wall Street's median 12-month price target for Energy Vault Holdings Inc is $1.00, about 40% below its last closing price of $1.40

This summary was machine generated from LSEG data August 8 at 06:16 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)