EVE (NYSE:EVEX) Issues Earnings Results

Key Points

• EVE reported EPS of ($0.20) versus consensus ($0.15) (a $0.05 miss), and shares fell about 4.7% to $2.72 on the news.
• Engineering prototype work has progressed (including 59 flights and validation of 130 performance points) and regulatory engagement is advanced, but management now expects certification in 2028 pending further conforming-prototype tests and approvals.
• EVE reports record cash of $441M and total liquidity of $578M (plus a new $150M loan and targeted $100–150M Embraer synergies), yet it posted a Q1 net loss of $69M and guides 2026 cash burn of $225–275M, underscoring ongoing execution and financing risks.

EVE (NYSE:EVEX - Get Free Report) released its earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05), FiscalAI reports.

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

• Engineering prototype flight campaign has progressed materially with 59 flights (~2.5 hours), validation of 130 performance points, autoland and complex maneuvers, and preparations underway (software uploads and structural tests) to begin transition flights.
• Regulatory engagement advanced: Eve has formally applied for an EASA type certificate, met with ANAC, FAA and JCAB, and reports ~90% of means-of-compliance agreed with ANAC, which management says increases certification confidence.
• Balance sheet and cost actions provide runway visibility — record cash of $441M and total liquidity $578M (including $136M undrawn) plus a new $150M loan, and targeted $100–150M of Embraer synergies to reduce cash burn through 2028.
• Commercial traction remains strong with a pre-order backlog of ~2,700 aircraft / $13.5B list price, two binding customers (Revo and AirX, ~$500M) and ongoing LOIs for aftermarket and the Vector ATM product.
• Execution and financial risks remain: Q1 net loss was $69M, 2026 cash burn guidance is $225–275M (before synergies), and certification is now expected in 2028 but depends on conforming-prototype flight tests and regulatory approvals.

EVE Stock Down 4.7%

Shares of EVEX traded down $0.14 during midday trading on Tuesday, reaching $2.72. The stock had a trading volume of 523,325 shares, compared to its average volume of 1,218,916. EVE has a 1-year low of $2.34 and a 1-year high of $7.70. The company's fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $3.69. The company has a market cap of $945.63 million, a price-to-earnings ratio of -3.95 and a beta of 1.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.29 and a quick ratio of 3.29.

Institutional Investors Weigh In On EVE

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of EVE by 167.8% in the 1st quarter. AQR Capital Management LLC now owns 52,456 shares of the company's stock valued at $174,000 after purchasing an additional 32,868 shares in the last quarter. Rhumbline Advisers grew its position in shares of EVE by 25.5% in the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock valued at $117,000 after buying an additional 7,154 shares during the last quarter. Amundi grew its position in shares of EVE by 10.7% in the 3rd quarter. Amundi now owns 30,426 shares of the company's stock valued at $116,000 after buying an additional 2,941 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of EVE in the 4th quarter valued at $108,000. Finally, Virtu Financial LLC grew its position in shares of EVE by 45.7% in the 3rd quarter. Virtu Financial LLC now owns 26,546 shares of the company's stock valued at $101,000 after buying an additional 8,327 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EVEX. Canaccord Genuity Group reiterated a "buy" rating and set a $7.50 target price on shares of EVE in a report on Wednesday, March 18th. Weiss Ratings reiterated a "sell (e+)" rating on shares of EVE in a report on Friday, April 24th. Cantor Fitzgerald reduced their target price on shares of EVE from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of EVE from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, EVE currently has a consensus rating of "Hold" and a consensus price target of $6.47.

About EVE

Eve Holding, Inc NYSE: EVEX is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.

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