Enovix Corporation (ENVX) Reports Q4 Loss, Tops Revenue Estimates

Group 1 - Enovix Corporation reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.17, and improved from a loss of $0.28 per share a year ago, representing an earnings surprise of 35.29% [1] - The company posted revenues of $9.72 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 8.63%, and up from $7.38 million in the same quarter last year [2] - Enovix Corporation has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Group 2 - The stock has added approximately 2.7% since the beginning of the year, while the S&P 500 has gained 4.2%, suggesting underperformance relative to the broader market [3] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $5.45 million, and for the current fiscal year, it is -$0.62 on revenues of $36.44 million [7] - The Zacks Industry Rank for Alternative Energy - Other is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]