Evolv Technologies (EVLV) Scheduled to Post Earnings on Thursday

Evolv Technologies (NASDAQ:EVLV) is set to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Evolv Technologies has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Evolv Technologies had a negative return on equity of 45.57% and a negative net margin of 106.93%. The company had revenue of $21.67 million during the quarter, compared to analysts’ expectations of $23.17 million. During the same period last year, the business posted ($0.15) earnings per share. On average, analysts expect Evolv Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $3.12 on Wednesday. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.60. Evolv Technologies has a one year low of $2.01 and a one year high of $8.30. The stock has a market cap of $486.99 million, a PE ratio of -5.11 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EVLV shares. Craig Hallum started coverage on Evolv Technologies in a research note on Monday, May 20th. They issued a “buy” rating and a $5.75 price target for the company. TD Cowen decreased their price target on Evolv Technologies from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Lake Street Capital lowered Evolv Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $6.00 to $3.50 in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Evolv Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $5.65.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.