EVE (NYSE:EVEX) Releases Earnings Results, Misses Estimates By $0.05 EPS

EVE (NYSE:EVEX) posted its earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05), FiscalAI reports.

Here are the key takeaways from EVE’s conference call:

• Engineering prototype flight campaign has progressed materially with 59 flights (~2.5 hours), validation of 130 performance points, autoland and complex maneuvers, and preparations underway (software uploads and structural tests) to begin transition flights.
• Regulatory engagement advanced: Eve has formally applied for an EASA type certificate, met with ANAC, FAA and JCAB, and reports ~90% of means-of-compliance agreed with ANAC, which management says increases certification confidence.
• Balance sheet and cost actions provide runway visibility — record cash of $441M and total liquidity $578M (including $136M undrawn) plus a new $150M loan, and targeted $100–150M of Embraer synergies to reduce cash burn through 2028.
• Commercial traction remains strong with a pre-order backlog of ~2,700 aircraft / $13.5B list price, two binding customers (Revo and AirX, ~$500M) and ongoing LOIs for aftermarket and the Vector ATM product.
• Execution and financial risks remain: Q1 net loss was $69M, 2026 cash burn guidance is $225–275M (before synergies), and certification is now expected in 2028 but depends on conforming-prototype flight tests and regulatory approvals.

EVE Stock Performance

Shares of NYSE:EVEX traded down $0.14 during midday trading on Tuesday, hitting $2.72. The stock had a trading volume of 523,325 shares, compared to its average volume of 1,218,916. The company has a market capitalization of $945.63 million, a PE ratio of -3.95 and a beta of 1.04. The stock has a 50 day moving average price of $2.78 and a two-hundred day moving average price of $3.69. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 1.49. EVE has a 1 year low of $2.34 and a 1 year high of $7.70.

Institutional Trading of EVE

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi boosted its holdings in shares of EVE by 10.7% in the third quarter. Amundi now owns 30,426 shares of the company’s stock valued at $116,000 after acquiring an additional 2,941 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of EVE by 144.8% in the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after acquiring an additional 3,121 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of EVE by 13.1% in the third quarter. Bank of America Corp DE now owns 43,324 shares of the company’s stock valued at $165,000 after acquiring an additional 5,025 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of EVE by 47.0% in the fourth quarter. Invesco Ltd. now owns 20,038 shares of the company’s stock valued at $80,000 after acquiring an additional 6,403 shares in the last quarter. Finally, Aureus Asset Management LLC boosted its holdings in shares of EVE by 56.0% in the third quarter. Aureus Asset Management LLC now owns 19,500 shares of the company’s stock valued at $74,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

EVEX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research report on Friday, April 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.50 target price on shares of EVE in a research report on Wednesday, March 18th. Cantor Fitzgerald dropped their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, EVE currently has a consensus rating of “Hold” and an average target price of $6.47.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.