Financial Performance - Electrovaya Inc. reported a quarterly loss of $0.01 per share, which was better than the Zacks Consensus Estimate of a loss of $0.02, representing an earnings surprise of 50% [1] - The company posted revenues of $11.17 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.46%, and down from $12.09 million year-over-year [2] - Over the last four quarters, Electrovaya has surpassed consensus EPS estimates two times but has not beaten revenue estimates [2] Stock Performance - Electrovaya shares have lost approximately 4.2% since the beginning of the year, while the S&P 500 has gained 2.9% [3] - The current Zacks Rank for Electrovaya is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $16.89 million, and for the current fiscal year, it is $0.06 on revenues of $66.92 million [7] - The trend of earnings estimate revisions for Electrovaya is mixed, which could change following the recent earnings report [6] Industry Context - Electrovaya operates within the Zacks Electronics - Miscellaneous Products industry, which is currently ranked in the bottom 46% of over 250 Zacks industries [8] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]
Electrovaya Inc. (ELVA) Reports Q1 Loss, Lags Revenue Estimates