- Evolv Technologies (EVLV, Financial) is expected to release promising Q1 earnings with notable improvements in EPS and revenue.
- Analysts suggest a hopeful outlook with a GF Value indicating a potential upside for the stock.
- Current analyst ratings position EVLV as an "Outperform" investment option.
Upcoming Q1 Earnings Release for Evolv Technologies
Evolv Technologies (EVLV) is set to announce its first-quarter earnings on May 20th, following the close of the market. Analysts forecast an encouraging 44.4% year-over-year improvement in earnings per share (EPS), bringing it to a projected -$0.05. Additionally, revenue is anticipated to rise by 29%, reaching $27.99 million. Historically, Evolv Technologies has exceeded revenue expectations 88% of the time, showcasing a strong track record in performance.
Wall Street Analysts' Price Target and Insights
Analysts have provided a one-year price target for Evolv Technologies Holdings Inc (EVLV, Financial), averaging at $5.38. This includes a high estimate of $6.75 and a low estimate of $4.00. The average target suggests a potential downside of 6.36% from the current trading price of $5.74. For those interested in deeper insights, more comprehensive estimate data is accessible on the Evolv Technologies Holdings Inc (EVLV) Forecast page.
Brokerage Recommendations and GF Value Projections
The consensus recommendation from four brokerage firms positions Evolv Technologies Holdings Inc (EVLV, Financial) with an average brokerage recommendation of 2.5, which corresponds to an "Outperform" evaluation. This rating system ranges from 1, indicating a Strong Buy, to 5, signifying a Sell.
According to GuruFocus estimates, Evolv Technologies Holdings Inc (EVLV, Financial) is expected to reach a GF Value of $7.76 within the next year. This projection suggests a potential upside of 35.19% from the current price of $5.74. The GF Value represents GuruFocus's calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance forecasts. For further detailed information, visit the Evolv Technologies Holdings Inc (EVLV) Summary page.
