EVE (NYSE:EVEX) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

by · The Markets Daily

EVE (NYSE:EVEX – Get Free Report) announced its earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates 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 Up 18.2%

Shares of NYSE:EVEX opened at $1.85 on Friday. EVE has a 12-month low of $1.41 and a 12-month high of $5.16. The company has a market capitalization of $646.45 million, a price-to-earnings ratio of -2.90 and a beta of 1.25. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 13.65. The business has a 50-day moving average price of $1.87 and a 200 day moving average price of $2.62.

EVE News Summary

Here are the key news stories impacting EVE this week:

  • Positive Sentiment: Eve reported a third-quarter 2026 loss of $0.16 per share, better than analysts’ $0.18-per-share loss estimate. The earnings beat may have supported the stock’s upward move. Eve Holding Q3 2026 results
  • Neutral Sentiment: Canaccord Genuity lowered its price target to $7 from $7.50 but maintained a Buy rating. The revised target still implies substantial upside from the cited $1.85 share price, though the reduction tempers the positive outlook. Canaccord Genuity recommendations

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Monday, October 19th. D. Boral Capital initiated coverage on EVE in a report on Friday, August 21st. They issued a “buy” rating and a $6.00 target price on the stock. Wall Street Zen downgraded EVE from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 4th. Canaccord Genuity Group reduced their price objective on EVE from $7.50 to $7.00 and set a “buy” rating for the company in a research note on Friday. Finally, Jefferies Financial Group set a $5.00 target price on EVE in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, EVE presently has a consensus rating of “Moderate Buy” and an average target price of $5.89.

Read Our Latest Stock Analysis on EVE

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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