Brokerages Expect Aeva Technologies, Inc. (NYSE:AEVA) Will Post Quarterly Sales of $2.43 Million

Brokerages expect Aeva Technologies, Inc. (NYSE:AEVA) to report $2.43 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Aeva Technologies’ earnings. The highest sales estimate is $3.00 million and the lowest is $1.60 million. The firm is expected to announce its next earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that Aeva Technologies will report full year sales of $9.40 million for the current year, with estimates ranging from $8.00 million to $11.10 million. For the next financial year, analysts anticipate that the firm will report sales of $34.42 million, with estimates ranging from $33.00 million to $35.48 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Aeva Technologies.

Aeva Technologies (NYSE:AEVA) last issued its quarterly earnings data on Wednesday, November 10th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.03).

Several analysts have issued reports on AEVA shares. Craig Hallum dropped their price target on Aeva Technologies from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, November 11th. Zacks Investment Research raised Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.57.

Several large investors have recently added to or reduced their stakes in the stock. Sylebra Capital Ltd increased its position in shares of Aeva Technologies by 2.7% in the third quarter. Sylebra Capital Ltd now owns 26,049,561 shares of the company’s stock valued at $206,834,000 after acquiring an additional 680,391 shares during the last quarter. Vanguard Group Inc. bought a new position in Aeva Technologies during the second quarter worth about $93,423,000. BlackRock Inc. grew its holdings in Aeva Technologies by 99.0% during the third quarter. BlackRock Inc. now owns 5,097,422 shares of the company’s stock worth $40,473,000 after purchasing an additional 2,535,777 shares during the period. Geode Capital Management LLC grew its holdings in Aeva Technologies by 56.9% during the third quarter. Geode Capital Management LLC now owns 1,588,088 shares of the company’s stock worth $12,609,000 after purchasing an additional 575,809 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Aeva Technologies during the second quarter worth about $8,101,000. 37.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of AEVA traded up $0.31 during midday trading on Thursday, hitting $9.91. The stock had a trading volume of 1,713,291 shares, compared to its average volume of 1,517,837. The company has a 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $9.19. Aeva Technologies has a twelve month low of $7.05 and a twelve month high of $21.83.

About Aeva Technologies

Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. The company is based in Mountain View, California.

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Earnings History and Estimates for Aeva Technologies (NYSE:AEVA)

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