Key Insights on QuantumScape's Financial Outlook:
- QuantumScape's Q1 earnings release is anticipated on April 23, with a projected EPS of -$0.19.
- Despite past earnings misses, recent EPS forecasts show positive upward revisions.
- Analysts' price targets suggest significant upside potential from the current price level.
Upcoming Earnings and Market Expectations
QuantumScape (QS, Financial) is gearing up to announce its first-quarter earnings on April 23. Market analysts are projecting an earnings per share (EPS) of -$0.19. This projection signifies a promising 20.8% improvement from the same quarter last year. Although the company has consistently missed EPS and revenue estimates over the past twelve months, it's noteworthy that two upward revisions for its EPS forecasts have recently been issued, indicating a potential shift in future performance.
Wall Street Analysts Forecast
Focusing on analyst projections, the average one-year price target set by 8 experts for QuantumScape Corp (QS, Financial) stands at $5.48. This target includes a high of $8.00 and a low of $2.50. At the current share price of $3.87, this average target represents an upside potential of 41.47%. Investors looking for more granular data can explore the QuantumScape Corp (QS) Forecast page for comprehensive estimates.
Brokerage Firms' Consensus
The consensus recommendation derived from 9 brokerage firms for QuantumScape Corp (QS, Financial) presently stands at 3.1, indicating a "Hold" status. This rating is evaluated on a scale from 1 to 5, where a rating of 1 implies a Strong Buy, and a rating of 5 suggests a Sell. This consensus suggests that while there is room for optimism regarding potential stock performance, a cautious approach is advisable for prospective investors.
