EVE (NYSE:EVEX) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

EVE (NYSE:EVEX) released its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) 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 Performance

EVEX stock traded up $0.28 during mid-day trading on Friday, hitting $1.85. The company had a trading volume of 1,611,567 shares, compared to its average volume of 1,148,917. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $646.44 million, a PE ratio of -2.99 and a beta of 1.25. EVE has a 12 month low of $1.41 and a 12 month high of $5.16. The stock’s fifty day moving average price is $1.88 and its two-hundred day moving average price is $2.63.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EVEX shares. Wall Street Zen lowered shares of EVE from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 4th. JPMorgan Chase & Co. lifted their target price on shares of EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group cut their target price on EVE from $7.50 to $7.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a report on Monday, October 19th. Finally, D. Boral Capital began coverage on EVE in a research report on Friday, August 21st. They set a “buy” rating and a $6.00 price target for the company. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, EVE presently has an average rating of “Moderate Buy” and an average target price of $5.89.

Key EVE News

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

About EVE

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.