FY2025 EPS Estimates for Joby Aviation Reduced by Analyst

Key Points

• Analysts at HC Wainwright have reduced their FY2025 earnings estimate for Joby Aviation to ($0.78) per share, down from ($0.73), maintaining a "Neutral" rating on the stock.
• Joby Aviation reported a quarterly earnings loss of ($0.24) per share, missing the consensus estimate by ($0.06), with revenue down 94.6% year-over-year.
• In recent analyst reports, Wall Street Zen downgraded Joby Aviation to "sell," while JPMorgan Chase increased the price target from $5.00 to $7.00, reflecting varied outlooks among analysts.

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Analysts at HC Wainwright cut their FY2025 earnings estimates for Joby Aviation in a research report issued to clients and investors on Thursday, August 7th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.78) per share for the year, down from their previous estimate of ($0.73). HC Wainwright has a "Neutral" rating on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Joby Aviation's FY2026 earnings at ($0.73) EPS, FY2027 earnings at ($0.73) EPS, FY2028 earnings at ($0.59) EPS and FY2029 earnings at ($0.45) EPS.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Joby Aviation had a negative return on equity of 71.29% and a negative net margin of 447,083.78%. The business had revenue of $0.02 million for the quarter, compared to analyst estimates of $0.05 million. During the same quarter in the previous year, the company posted ($0.18) EPS. The business's quarterly revenue was down 94.6% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Joby Aviation from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. Canaccord Genuity Group downgraded shares of Joby Aviation from a "buy" rating to a "hold" rating and increased their target price for the company from $12.00 to $17.00 in a report on Thursday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.50.

Joby Aviation Trading Down 3.4%

JOBY opened at $16.66 on Monday. The company's fifty day moving average price is $12.51 and its two-hundred day moving average price is $8.79. Joby Aviation has a 1-year low of $4.70 and a 1-year high of $20.95. The company has a market cap of $13.19 billion, a price-to-earnings ratio of -15.57 and a beta of 2.52.

Institutional Trading of Joby Aviation

Hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC raised its position in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company's stock worth $33,000 after acquiring an additional 750 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Joby Aviation in the second quarter worth about $39,000. Solstein Capital LLC purchased a new position in shares of Joby Aviation in the second quarter worth about $47,000. Toronto Dominion Bank purchased a new position in shares of Joby Aviation in the fourth quarter worth about $41,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in shares of Joby Aviation in the fourth quarter worth about $41,000. Institutional investors own 52.85% of the company's stock.

Insider Buying and Selling

In other news, Director Paul Cahill Sciarra sold 500,001 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.38, for a total value of $6,190,012.38. Following the completion of the sale, the director owned 57,328,059 shares in the company, valued at $709,721,370.42. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eric Allison sold 27,538 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $11.97, for a total transaction of $329,629.86. Following the sale, the insider owned 660,076 shares of the company's stock, valued at $7,901,109.72. This trade represents a 4.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,754 shares of company stock valued at $19,236,149 over the last 90 days. 28.50% of the stock is currently owned by company insiders.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.

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