BETA Technologies (NYSE:BETA) Announces Quarterly Earnings Results, Misses Expectations By $1.55 EPS

Key Points

• Reported EPS of ($2.02) missed analysts' estimate of ($0.47) by $1.55, though revenue grew 152.3% year-over-year.
• Shares opened at $19.41 (52-week range $15.61–$39.50) with a market capitalization of $4.28 billion and a negative PE of -1.97.
• Analyst sentiment is mostly positive—nine Buys, one Hold and one Sell—with an average target price of $36.56 (rated "Moderate Buy").

BETA Technologies (NYSE:BETA - Get Free Report) released its quarterly earnings results on Monday. The company reported ($2.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.47) by ($1.55), Briefing.com reports. BETA Technologies's revenue for the quarter was up 152.3% on a year-over-year basis.

BETA Technologies Price Performance

Shares of NYSE BETA opened at $19.41 on Monday. BETA Technologies has a 52 week low of $15.61 and a 52 week high of $39.50. The firm has a market capitalization of $4.28 billion and a PE ratio of -1.97. The company has a 50-day moving average of $22.65.

Institutional Investors Weigh In On BETA Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Weiss Asset Management LP acquired a new stake in shares of BETA Technologies in the fourth quarter worth $1,410,000. Symmetry Investments LP purchased a new stake in BETA Technologies during the 4th quarter worth $1,269,000. Hudson Bay Capital Management LP purchased a new stake in BETA Technologies during the 4th quarter worth $627,000. Readystate Asset Management LP acquired a new stake in BETA Technologies in the 4th quarter valued at $592,000. Finally, LPL Financial LLC purchased a new position in BETA Technologies in the fourth quarter valued at about $372,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on BETA shares. Needham & Company LLC reiterated a "buy" rating and set a $34.00 price target on shares of BETA Technologies in a report on Thursday, January 15th. Bank of America raised their price objective on shares of BETA Technologies from $35.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, December 17th. Cantor Fitzgerald assumed coverage on shares of BETA Technologies in a research note on Monday, December 1st. They set an "overweight" rating and a $42.00 target price for the company. Wall Street Zen raised BETA Technologies from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Finally, UBS Group set a $24.00 price target on BETA Technologies and gave the company a "buy" rating in a research note on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.56.

About BETA Technologies

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.

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