EVE (NYSE:EVEX) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

EVE (NYSE:EVEX) announced its quarterly earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05), FiscalAI reports.

Here are the key takeaways from EVE’s conference call:

• Engineering prototype flight campaign has progressed materially with 59 flights (~2.5 hours), validation of 130 performance points, autoland and complex maneuvers, and preparations underway (software uploads and structural tests) to begin transition flights.
• Regulatory engagement advanced: Eve has formally applied for an EASA type certificate, met with ANAC, FAA and JCAB, and reports ~90% of means-of-compliance agreed with ANAC, which management says increases certification confidence.
• Balance sheet and cost actions provide runway visibility — record cash of $441M and total liquidity $578M (including $136M undrawn) plus a new $150M loan, and targeted $100–150M of Embraer synergies to reduce cash burn through 2028.
• Commercial traction remains strong with a pre-order backlog of ~2,700 aircraft / $13.5B list price, two binding customers (Revo and AirX, ~$500M) and ongoing LOIs for aftermarket and the Vector ATM product.
• Execution and financial risks remain: Q1 net loss was $69M, 2026 cash burn guidance is $225–275M (before synergies), and certification is now expected in 2028 but depends on conforming-prototype flight tests and regulatory approvals.

EVE Price Performance

Shares of EVE stock traded down $0.03 on Thursday, reaching $3.22. The company’s stock had a trading volume of 1,473,028 shares, compared to its average volume of 1,250,895. The company has a market capitalization of $1.12 billion, a P/E ratio of -4.40 and a beta of 1.04. EVE has a 52-week low of $2.34 and a 52-week high of $7.70. The stock has a 50-day moving average price of $2.77 and a 200-day moving average price of $3.66. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.49.

Institutional Trading of EVE

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi increased its position in shares of EVE by 10.7% during the third quarter. Amundi now owns 30,426 shares of the company’s stock worth $116,000 after purchasing an additional 2,941 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after purchasing an additional 3,121 shares in the last quarter. Bank of America Corp DE increased its position in shares of EVE by 13.1% during the third quarter. Bank of America Corp DE now owns 43,324 shares of the company’s stock worth $165,000 after purchasing an additional 5,025 shares in the last quarter. Invesco Ltd. increased its position in shares of EVE by 47.0% during the fourth quarter. Invesco Ltd. now owns 20,038 shares of the company’s stock worth $80,000 after purchasing an additional 6,403 shares in the last quarter. Finally, Aureus Asset Management LLC increased its position in shares of EVE by 56.0% during the third quarter. Aureus Asset Management LLC now owns 19,500 shares of the company’s stock worth $74,000 after purchasing an additional 7,000 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Canaccord Genuity Group cut their price objective on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Friday, April 24th. Finally, Cantor Fitzgerald cut their price objective on EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.42.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.