Aeva(US:AEVA) ZACKSยท2024-08-07 23:42Company Performance - Aeva Technologies reported a quarterly loss of $0.57 per share, slightly better than the Zacks Consensus Estimate of a loss of $0.58, and an improvement from a loss of $0.65 per share a year ago, indicating a positive trend in earnings performance [1] - The company achieved revenues of $2.01 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 27.34%, and showing significant growth from $0.74 million in the same quarter last year [1] - Aeva has surpassed consensus EPS estimates in all four of the last quarters, demonstrating consistent performance [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.59 on revenues of $1.91 million, and for the current fiscal year, it is -$2.31 on revenues of $8.5 million [4] - The estimate revisions trend for Aeva Technologies is mixed, leading to a Zacks Rank of 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - Aeva Technologies operates within the Automotive - Original Equipment industry, which is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges in the sector [5] - The performance of Aeva Technologies may be influenced by the overall outlook of the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5] - Westport Innovations, another company in the same industry, is expected to report a quarterly loss of $0.55 per share, reflecting an 8.3% year-over-year change, with revenues anticipated to be $86.23 million, up 1.4% from the previous year [5][6]