GOEV - Canoo to Report Q1 Earnings: What's in the Cards? | Benzinga
Canoo Inc. (NASDAQ: GOEV) is scheduled to release first-quarter 2024 results on May 14, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter's loss per share and revenues is pegged at 86 cents and $1.45 million, respectively.
The consensus mark for Canoo's first-quarter loss per share has narrowed by $1.21 in the past 60 days. The electric vehicle maker's bottom-line estimates imply growth of 78.01% from the year-ago reported figure. In the last reported quarter, it posted a net loss of $1.73 per share, narrower than the Zacks Consensus Estimate of a loss of $1.78 and the year-ago loss of $5.98.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for GOEV. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as elaborated ...