ECARX Holdings Inc (ECX, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $180 million, and the earnings are expected to come in at -$0.05 per share. The full year 2024's revenue is expected to be $729.99 million and the earnings are expected to be -$1.17 per share. More detailed estimate data can be found on the Forecast page.
ECARX Holdings Inc (ECX, Financial) Estimates Trends
The revenue estimates for ECARX Holdings Inc (ECX) have seen a decline over the past 90 days, with projections for the full year 2024 decreasing from $826.01 million to $729.99 million, and for 2025 from $1.10 billion to $1.02 billion. Similarly, earnings estimates have also declined, with the full year 2024 estimates moving from -$0.24 per share to -$1.18 per share, and for 2025 from -$0.03 per share to -$0.13 per share.
ECARX Holdings Inc (ECX, Financial) Reported History
In the previous quarter of June 30, 2024, ECARX Holdings Inc's (ECX) actual revenue was $173 million, which beat analysts' revenue expectations of $169.75 million by 1.92%. ECARX Holdings Inc's (ECX) actual earnings were -$0.12 per share, which missed analysts' earnings expectations of -$0.08 per share by 50%. After releasing the results, ECARX Holdings Inc (ECX) was up by 2.22% in one day.
ECARX Holdings Inc (ECX, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 4 analysts, the average target price for ECARX Holdings Inc (ECX) is $3.68 with a high estimate of $7 and a low estimate of $2.10. The average target implies an upside of 96.52% from the current price of $1.87.
Based on GuruFocus estimates, the estimated GF Value for ECARX Holdings Inc (ECX, Financial) in one year is $0, suggesting a downside of 100% from the current price of $1.87.
Based on the consensus recommendation from 4 brokerage firms, ECARX Holdings Inc's (ECX, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
