Zacks: Brokerages Expect Joby Aviation, Inc. (NYSE:JOBY) Will Announce Earnings of -$0.13 Per Share

Wall Street analysts expect that Joby Aviation, Inc. (NYSE:JOBYGet Rating) will post earnings of ($0.13) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Joby Aviation’s earnings, with estimates ranging from ($0.14) to ($0.12). The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Joby Aviation will report full-year earnings of ($0.52) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.48). For the next financial year, analysts forecast that the firm will post earnings of ($0.53) per share, with EPS estimates ranging from ($0.57) to ($0.49). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Joby Aviation.

Joby Aviation (NYSE:JOBYGet Rating) last announced its quarterly earnings results on Thursday, March 24th. The company reported ($0.09) EPS for the quarter.

A number of equities analysts have commented on JOBY shares. Cantor Fitzgerald assumed coverage on Joby Aviation in a research note on Tuesday, April 5th. They issued an “overweight” rating and a $10.00 price target on the stock. Barclays assumed coverage on Joby Aviation in a report on Tuesday, January 18th. They set an “equal weight” rating and a $6.00 target price for the company. Zacks Investment Research upgraded shares of Joby Aviation from a “sell” rating to a “hold” rating in a report on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Joby Aviation in a report on Monday, April 11th. They issued a “hold” rating and a $8.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Joby Aviation in a research note on Thursday. They set a “neutral” rating and a $7.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.40.

Shares of Joby Aviation stock opened at $5.24 on Friday. The business’s 50 day simple moving average is $5.31 and its two-hundred day simple moving average is $6.37. Joby Aviation has a one year low of $3.61 and a one year high of $14.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new position in shares of Joby Aviation during the first quarter valued at approximately $184,000. Naviter Wealth LLC increased its stake in shares of Joby Aviation by 64.9% during the first quarter. Naviter Wealth LLC now owns 18,143 shares of the company’s stock valued at $120,000 after purchasing an additional 7,143 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Joby Aviation by 42.9% during the first quarter. ARK Investment Management LLC now owns 1,416,867 shares of the company’s stock valued at $9,380,000 after purchasing an additional 425,478 shares in the last quarter. Traverso Chambers Private Wealth Management LLC bought a new position in shares of Joby Aviation during the first quarter valued at approximately $73,000. Finally, Minot Wealth Management LLC bought a new stake in shares of Joby Aviation during the first quarter valued at approximately $66,000. 25.83% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Company Profile (Get Rating)

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

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