Shares of Evolv Technologies Holdings, Inc. (EVLV) plummeted 5.07% during Monday's trading session, as investors reacted to an earnings preview suggesting the company is expected to post a loss in its upcoming financial report.

According to analyst estimates, Evolv Technologies is anticipated to report a loss of 4 cents per share when it releases its quarterly results on May 7, 2025, for the period ending March 31. Despite the projected loss, the company is expected to show a significant increase in revenue, with analysts forecasting a 29.0% rise to $27.941 million, up from $21.67 million in the same quarter last year.

The stock's sharp decline may reflect investor concerns about the company's profitability, even as it continues to grow its top line. However, it's worth noting that Evolv Technologies has a history of beating earnings estimates, having surpassed expectations in six of the last eight quarters. The current analyst consensus maintains a "buy" rating on the stock, with a median 12-month price target of $6.00, suggesting potential upside from its last closing price of $4.34. As the earnings report approaches, investors will be closely watching to see if Evolv can continue its trend of outperforming expectations or if the projected loss will materialize.