HC Wainwright Has Weak Outlook for Joby Aviation Q3 Earnings

Key Points

• HC Wainwright lowered its Q3 2026 EPS estimate for Joby Aviation to a loss of $0.25 per share from $0.22, while maintaining a “Buy” rating. The firm forecasts losses of $0.99 per share for fiscal 2026 and $0.75 for 2027.
• Joby’s latest quarter included a $0.25-per-share loss, missing the $0.23 consensus estimate, although revenue of $38.64 million exceeded expectations of $30.20 million. The company also raised its 2026 revenue outlook to $115 million-$125 million.
• Analyst sentiment remains mixed, with a consensus “Reduce” rating and average price target of $13.81; shares recently opened at $8.62, well below their 52-week high of $19.98.

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Equities researchers at HC Wainwright decreased their Q3 2026 earnings per share estimates for Joby Aviation in a report released on Thursday, August 6th. HC Wainwright analyst A. Dayal now anticipates that the company will earn ($0.25) per share for the quarter, down from their prior forecast of ($0.22). HC Wainwright has a "Buy" rating on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.92) per share. HC Wainwright also issued estimates for Joby Aviation's Q4 2026 earnings at ($0.27) EPS, FY2026 earnings at ($0.99) EPS and FY2027 earnings at ($0.75) EPS.

Several other brokerages also recently commented on JOBY. Canaccord Genuity Group dropped their target price on shares of Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Joby Aviation from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. Barclays raised Joby Aviation to a "hold" rating in a research report on Wednesday, July 29th. Needham & Company LLC dropped their price objective on Joby Aviation from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Susquehanna set a $18.00 price objective on Joby Aviation in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $13.81.

Joby Aviation Price Performance

NYSE JOBY opened at $8.62 on Monday. The company has a current ratio of 22.06, a quick ratio of 22.05 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $9.55. The company has a market cap of $8.48 billion, a P/E ratio of -8.71 and a beta of 2.73. Joby Aviation has a 1 year low of $6.63 and a 1 year high of $19.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 58.65%. The firm had revenue of $38.64 million during the quarter, compared to the consensus estimate of $30.20 million. During the same period in the prior year, the business earned ($0.41) EPS. The company's revenue for the quarter was up 257493.3% compared to the same quarter last year.

Institutional Trading of Joby Aviation

Hedge funds have recently modified their holdings of the company. EP Wealth Advisors LLC raised its position in shares of Joby Aviation by 2.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company's stock valued at $403,000 after acquiring an additional 821 shares during the last quarter. Signaturefd LLC boosted its position in shares of Joby Aviation by 8.4% in the 4th quarter. Signaturefd LLC now owns 11,218 shares of the company's stock worth $148,000 after purchasing an additional 872 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Joby Aviation by 38.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,256 shares of the company's stock worth $56,000 after purchasing an additional 1,188 shares during the last quarter. Strs Ohio grew its stake in shares of Joby Aviation by 2.5% during the first quarter. Strs Ohio now owns 50,000 shares of the company's stock worth $413,000 after purchasing an additional 1,200 shares during the period. Finally, Scotia Capital Inc. grew its stake in shares of Joby Aviation by 8.1% during the third quarter. Scotia Capital Inc. now owns 16,663 shares of the company's stock worth $269,000 after purchasing an additional 1,250 shares during the period. Institutional investors own 52.85% of the company's stock.

Insider Activity at Joby Aviation

In other news, CFO Rodrigo Brumana sold 78,489 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $11.30, for a total transaction of $886,925.70. Following the transaction, the chief financial officer owned 81,694 shares in the company, valued at approximately $923,142.20. The trade was a 49.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 27,932 shares of the company's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $7.53, for a total transaction of $210,327.96. Following the transaction, the insider directly owned 710,396 shares of the company's stock, valued at $5,349,281.88. This represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,050,736 shares of company stock worth $11,423,677. Insiders own 20.35% of the company's stock.

Key Headlines Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million analyst consensus, while raising its 2026 revenue outlook to $115 million-$125 million from expectations of approximately $111.3 million. JOBY Shares Gain Since Second-Quarter 2026 Revenues Beat
• Positive Sentiment: The Blade helicopter business generated $36.2 million in quarterly revenue, providing Joby with an operating business and evidence of passenger demand while its electric aircraft program advances. Joby Reports Stronger Quarter
• Positive Sentiment: Joby said its aircraft program has reached the fifth and final stage of FAA certification, is ramping production ahead of an eVTOL pilot program, and is moving closer to commercial flights in Texas. These milestones improve the prospect of future aircraft deliveries and service revenue. Joby Ramps Up Aircraft Production
• Positive Sentiment: Partnerships with Atoms to develop a nationwide vertiport network and a new 45,000-square-foot Texas facility strengthen the infrastructure supporting Joby’s planned air-taxi launch. Atoms and Joby Partner on Vertiports
• Neutral Sentiment: Analysts remain generally constructive, but Needham reduced its price target to $15 while retaining a Buy rating, reflecting upside potential alongside execution and timing risks. Needham Lowers Joby Price Target
• Negative Sentiment: Joby’s adjusted loss of $0.25 per share was slightly worse than the $0.23 estimate, and the company reported a $245 million net loss. Investors continue to watch certification, production execution and the timing of commercial service before assigning greater value to the long-term opportunity. Joby Stock Falls Despite a Sales Beat

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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