Archer Aviation Inc reports results for the quarter ended June 30 - Earnings Summary

• Archer Aviation Inc ACHR.N reported a quarterly adjusted loss of 36 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of eight analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -28 cents to -22 cents per share.

• Reported revenue was zero​; analysts expected $200.00 thousand.

• Archer Aviation Inc's reported EPS for the quarter was a loss of 36 cents​.

• The company reported a quarterly loss of $206 million.

• Archer Aviation Inc shares had fallen by 10.4% this quarter and lost 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% 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 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 $13.00, about 26.6% above its last closing price of $9.54

This summary was machine generated from LSEG data August 11 at 10:26 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)