Enviva Q3 Sales $320.64M Miss $350.47M Estimate; Reported Net Loss Of $(85.19)M Versus $(18.26)M YoY
Portfolio Pulse from Benzinga Newsdesk
Enviva (NYSE:EVA) reported Q3 sales of $320.64M, missing the analyst consensus estimate of $350.47M by 8.51%. This represents a 1.54% decrease over sales of $325.66M in the same period last year. The company also reported a net loss of $85.19M, significantly higher than the $18.26M loss reported YoY.
November 09, 2023 | 11:48 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Enviva's Q3 results missed estimates, with sales down 1.54% YoY and a significant increase in net loss. This could negatively impact the company's stock in the short term.
Enviva's Q3 results were below expectations, with sales missing estimates by 8.51% and a significant increase in net loss compared to the same period last year. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100