Embark Technology (EMBK) Set to Announce Earnings on Tuesday

Posted by on May 3rd, 2022

Embark Technology (NASDAQ:EMBK – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Embark Technology (NASDAQ:EMBK – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). On average, analysts expect Embark Technology to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of EMBK stock opened at $5.40 on Tuesday. The business’s fifty day moving average is $5.20. Embark Technology has a 1-year low of $3.01 and a 1-year high of $10.49.

Hedge funds have recently modified their holdings of the business. SC US Ttgp LTD. bought a new position in shares of Embark Technology during the fourth quarter valued at approximately $461,291,000. BlackRock Inc. acquired a new position in Embark Technology during the 4th quarter valued at approximately $22,574,000. Geode Capital Management LLC bought a new position in Embark Technology during the 4th quarter worth $16,265,000. Charles Schwab Investment Management Inc. acquired a new stake in Embark Technology in the fourth quarter worth $8,396,000. Finally, State Street Corp acquired a new stake in Embark Technology in the fourth quarter worth $5,427,000. Institutional investors own 53.69% of the company’s stock.

A number of equities analysts recently commented on EMBK shares. KeyCorp initiated coverage on Embark Technology in a research note on Tuesday, January 11th. They issued a “sector weight” rating for the company. They noted that the move was a valuation call. Vertical Research started coverage on Embark Technology in a research report on Tuesday, April 26th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Robert W. Baird lowered their price target on Embark Technology from $12.00 to $9.00 in a report on Friday, March 18th.

About Embark Technology (Get Rating)

Embark Technology, Inc develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, autonomous trucking software; Embark Universal Interface, an interoperable self-driving stack that works across truck OEM platforms; and Embark Guardian, a cloud-based autonomous fleet management solution that gives carriers control over air updates, remote vehicle monitoring, remote vehicle assist, dispatching and access to real time data such as weather and construction.

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