On Thursday 31st October 2024, Nikola Corporation (NASDAQ: NKLA) will be releasing its third quarter financial results. This much awaited announcement will be made before market open.
It is anticipated by financial experts on Wall Street that the enterprise is set to announce an estimated $2.35 loss per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $37.23 million for this period.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $134.44 million. Additionally, they are expecting the company to achieve per share loss of $10.2 for the fiscal year.
The per-share loss of $9 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $-1.73 million recorded during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $-2.67 | -1,235.0% | 31.32 M | +103.9% |
| Q1 2024 | $-2.70 | -938.5% | 7.50 M | -32.6% |
| Q4 2023 | $-3.30 | -791.9% | 11.53 M | +75.7% |
| Q3 2023 | $-9.00 | -3,114.3% | -1.73 M | -107.1% |
| Q2 2023 | $-0.20 | +20.0% | 15.36 M | -15.3% |
| *Growth on year-over-year basis | ||||
NKLA will host a conference call with investment community on 31st October 2024 at 10:30 AM eastern time to discuss the financial results.
Nikola Corporation (NKLA) shares traded as low as $4.26 and as high as $5.54 on a day volume of 10.43 million shares, closed Tuesday's regular trading session at $4.38, drop of 17.51 percent.