Enovix Corporation (ENVX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Core Viewpoint - Enovix Corporation (ENVX) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for February 19, 2025, with expectations of a quarterly loss of $0.17 per share, reflecting a year-over-year improvement of +39.3$8.95 million, marking a 21.3% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 3.85% higher in the last 30 days, indicating a collective reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +15.15% for Enovix Corporation, suggesting a strong likelihood of beating the consensus EPS estimate. The company currently holds a Zacks Rank of 2 (Buy) [11][10]. Historical Performance - In the last reported quarter, Enovix Corporation was expected to post a loss of $0.20 per share but actually reported a loss of$0.17, resulting in a surprise of +15%. Over the past four quarters, the company has exceeded consensus EPS estimates twice [12][13]. Conclusion - Enovix Corporation is positioned as a compelling candidate for an earnings beat, although investors should consider additional factors beyond earnings expectations when making investment decisions [16][14].