Vertical Aerospace (NYSE:EVTL) Posts Earnings Results, Misses Estimates By $0.58 EPS

Vertical Aerospace (NYSE:EVTL) released its quarterly earnings results on Friday. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.58), Zacks reports.

Vertical Aerospace Price Performance

Shares of NYSE:EVTL traded up $0.30 on Friday, reaching $8.00. 38,113 shares of the company traded hands, compared to its average volume of 51,490. The company’s 50 day moving average is $6.36 and its 200-day moving average is $48.37. Vertical Aerospace has a fifty-two week low of $3.55 and a fifty-two week high of $12.79.

Wall Street Analyst Weigh In

EVTL has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on Vertical Aerospace from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Finally, Barclays raised their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st.

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.