Enovix (US:ENVX) ZACKSยท2025-11-06 00:41Core Insights - Enovix Corporation reported a quarterly loss of $0.14 per share, which was better than the Zacks Consensus Estimate of a loss of $0.16, marking an earnings surprise of +12.50% [1] - The company achieved revenues of $7.99 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 1.09%, but showing significant growth from $4.32 million a year ago [2] - Enovix shares have increased by approximately 2.2% since the beginning of the year, underperforming compared to the S&P 500's gain of 15.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $12.8 million, and for the current fiscal year, it is -$0.58 on revenues of $33.01 million [7] - The estimate revisions trend for Enovix Corporation was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Products industry, to which Enovix belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]