Vertical Aerospace (NYSE:EVTL) Posts Quarterly Earnings Results, Misses Estimates By $45.51 EPS

Vertical Aerospace (NYSE:EVTL) announced its earnings results on Tuesday. The company reported ($46.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($45.51), Zacks reports.

Vertical Aerospace Stock Performance

EVTL stock opened at $3.67 on Tuesday. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $15.99. The stock’s fifty day moving average price is $6.56 and its 200-day moving average price is $18.27.

Wall Street Analysts Forecast Growth

EVTL has been the subject of a number of analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Barclays raised their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating for the company in a research report on Friday, January 24th. HC Wainwright initiated coverage on Vertical Aerospace in a report on Friday, February 7th. They issued a “buy” rating and a $12.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.13.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.