Energy Vault Holdings, Inc. (NRGV) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Energy Vault Holdings, Inc. reported a quarterly loss of $0.18 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.15, and compared to a loss of $0.13 per share a year ago, indicating a negative earnings surprise of -20% [1] - The company posted revenues of $1.2 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 75.02%, and a significant decline from year-ago revenues of $172.21 million [2] - Energy Vault has not surpassed consensus EPS estimates over the last four quarters, indicating ongoing challenges in financial performance [2] Stock Performance - Energy Vault shares have declined approximately 11.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for Energy Vault is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $39.9 million, and for the current fiscal year, it is -$0.60 on revenues of $56.25 million [7] - The outlook for the Alternative Energy - Other industry, to which Energy Vault belongs, is currently in the bottom 41% of over 250 Zacks industries, which may negatively impact stock performance [8]