EVE (NYSE:EVEX) Releases Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• EVE reported a quarterly loss of $0.16 per share, beating analysts’ estimate of a $0.18 loss by $0.02.
• The company completed 91% of planned engineering prototype flight-test points and expects its first full transition flight before year-end. Certification is targeted for 2028.
• EVE ended the quarter with $471 million in liquidity, which it expects to fund operations through 2028. It also signed a binding agreement for two aircraft, with options for 10 more, while making conversion of its broader pre-order backlog into firm contracts a priority.

EVE (NYSE:EVEX - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02, FiscalAI reports.

Here are the key takeaways from EVE's conference call:

• Eve completed 91% of the engineering prototype’s planned flight-test points and expects to attempt its first full transition flight before year-end. The six certification prototypes are scheduled to begin assembly early next year, with piloted prototype flights planned for the second half of 2027 and certification targeted for 2028.
• Eve ended the quarter with $471 million in total liquidity and said it expects this to fund operations through 2028 without new funding. Cost savings identified with Embraer total $100 million–$150 million, with about $50 million captured in 2026; full-year cash consumption is tracking toward the low end of its $225 million–$275 million guidance.
• The company signed a binding agreement with FlyBIS for two firm aircraft orders and options for 10 more, potentially worth $60 million. Eve said customer down payments begin at signing, while emphasizing that converting existing pre-orders into firm contracts is now a priority.
• Eve cited a pre-order backlog of approximately 2,500 aircraft, but acknowledged it has declined sequentially and includes early-stage commitments that may change or fall away. Management said the quality of orders and conversion to firm contracts matter more than the headline backlog.

EVE Stock Performance

EVEX stock traded down $0.10 during mid-day trading on Thursday, hitting $1.57. The stock had a trading volume of 1,620,014 shares, compared to its average volume of 1,218,407. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. EVE has a 1-year low of $1.41 and a 1-year high of $5.16. The company has a fifty day moving average of $1.88 and a 200 day moving average of $2.63.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EVEX. JPMorgan Chase & Co. raised their price objective on EVE from $6.00 to $6.50 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Jefferies Financial Group set a $5.00 target price on EVE in a report on Wednesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of EVE in a research report on Monday, October 19th. D. Boral Capital assumed coverage on shares of EVE in a report on Friday, August 21st. They set a "buy" rating and a $6.00 price target for the company. Finally, Wall Street Zen cut shares of EVE from a "sell" rating to a "strong sell" rating in a report on Sunday, October 4th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.93.

EVE Company Profile

Eve Air Mobility, formerly known as Eve Holding, Inc, develops electric vertical takeoff and landing (eVTOL) aircraft and related urban air mobility solutions. The company is focused on creating quieter, lower-emission transportation options for short urban and regional trips, including passenger flights, airport transfers and other specialized missions.

Its primary product is an eVTOL aircraft designed to operate using electric propulsion and vertical takeoff and landing capabilities.

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