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Eve Holding (EVEX)
NYSE:EVEX
Holding EVEX?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.16Last Year’s EPS
-$0.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 75.79%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
Eve demonstrated significant progress in funding, certification, and service expansion, but faces challenges with delayed certification and high cash burn. The advancements in technology, regulatory support, and capital raise are positive, while the delay in certification and continued high cash consumption present concerns.Company Guidance
During the Q3 2024 earnings call for Eve Air Mobility, the company provided comprehensive guidance and updates on several key metrics. The company reported a total preorder backlog of approximately 2,900 aircraft, valued at $14.4 billion, based on list prices. Additionally, they have letters of intent for their Vector software from 16 customers and secured contracts with 15 customers for their TechCare suite, potentially bringing $1.6 billion in revenue in the initial years of operation. Eve's liquidity was bolstered to $445 million, equivalent to three years of the current cash consumption rate, thanks to raising $236 million since July. The company remains on track with its cash flow guidance, having consumed $101 million so far this year, with expected full-year consumption between $130 million and $170 million. Looking forward, the start of the flight test campaign is anticipated early next year, following the receipt of lift motors in December, with type certification expected in 2027.Successful Capital Raising
Eve Air Mobility raised $236 million since July through a mix of debt and equity, resulting in a pro forma liquidity of $445 million, providing a runway of three years of cash consumption.
Certification Progress
The Brazilian Civil Aviation Authority (ANAC) published the basis of certification for eVTOL, and the FAA issued a supportive SFAR. Eve anticipates type certification by 2027.
Expansion of Service Offerings
Eve launched the Eve TechCare, a comprehensive service portfolio including maintenance, logistics, and training, with commitments from 15 customers worth up to $1.6 billion.
Flight Test Preparations
Eve has completed key engineering prototype tests and expects to start flight tests in early 2025, with conforming prototypes ready by 2026.
Partnerships and Simulations
Conducted a successful 5-day simulation of Vector, their air traffic coordination software, in Sao Paulo, with positive feedback from partners.
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EVEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $2.85 | $2.73 | -4.21% |
| Aug 06, 2024 | $2.70 | $2.73 | +1.11% |
| May 07, 2024 | $5.51 | $5.58 | +1.27% |
| Mar 08, 2024 | $5.17 | $5.43 | +5.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eve Holding (EVEX) report earnings?
Eve Holding (EVEX) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Eve Holding (EVEX) earnings time?
Eve Holding (EVEX) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVEX EPS forecast?
EVEX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.16.
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