EVE (NYSE:EVEX) Issues Quarterly Earnings Results

by · The Cerbat Gem

EVE (NYSE:EVEX – Get Free Report) posted its earnings results on Thursday. The company reported ($0.16) EPS for the quarter, topping 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 Trading Down 6.2%

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EVEX shares. Wall Street Zen downgraded shares of EVE from a “sell” rating to a “strong sell” rating in a report on Sunday, October 4th. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. D. Boral Capital initiated coverage on shares of EVE in a research report on Friday, August 21st. They set a “buy” rating and a $6.00 target price on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Monday, October 19th. Four 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. Based on data from MarketBeat, EVE presently has a consensus rating of “Moderate Buy” and an average price target of $5.93.

Get Our Latest Stock Report on EVEX

EVE Company Profile

(Get Free Report)

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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