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

Vertical Aerospace (NYSE:EVTL) released its quarterly earnings data 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 Down 8.9 %

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. HC Wainwright initiated coverage on Vertical Aerospace in a report on Friday, February 7th. They set a “buy” rating and a $12.00 price target on the stock. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Canaccord Genuity Group dropped their price target on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Barclays upped 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.