Aeva Technologies, Inc. (AEVA) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - Aeva Technologies reported a quarterly loss of $0.55 per share, better than the Zacks Consensus Estimate of a loss of$ 0.60, and an improvement from a loss of $0.65 per share a year ago, representing an earnings surprise of 8.33% [1] - The company achieved revenues of$ 2.25 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 19.05%, and showing significant growth from $0.81 million in the same quarter last year [2] - Aeva Technologies has surpassed consensus EPS estimates for four consecutive quarters, indicating a positive trend in earnings performance [2] Group 2 - The stock has underperformed the market with a gain of about 6.9% since the beginning of the year, compared to the S&P 500's gain of 21.2% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at -$ 0.59 on revenues of $2.76 million, and for the current fiscal year at -$ 2.32 on revenues of $8.76 million [7] - The Zacks Industry Rank for Automotive - Original Equipment is in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stock performance in this sector [8]