* Canoo Inc reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.38. The mean expectation of six analysts for the quarter was for a loss of 77 cents per share. Wall Street expected results to range from $-1.08 to -46 cents per share.

* Revenue rose 71.7% to $891.00 thousand from a year ago; analysts expected $2.11 million.

* Canoo Inc's reported EPS for the quarter was 2 cents​.

* The company reported quarterly net income of $2.02 million.

* Canoo Inc shares had fallen by 45.5% this quarter and lost 90.9% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 9.1% in the last three months.​

* In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

Wall Street's median 12-month price target for Canoo Inc is $4.50 This summary was machine generated from LSEG data November 15 at 02:15 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.77 0.02 Beat

Jun. 30 2024 -0.77 -0.61 Beat

Mar. 31 2024 -0.97 -2.20 Missed

Dec. 31 2023 -1.77 -0.92 Beat