NYSE$EVEX
Eve Holding Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Achieved record revenue and strong profitability driven by growth in cloud services and strategic investments.
Eve reported a strong Q2 2023, with record revenue driven by cloud services and strategic investments. The company exceeded expectations in EPS and demonstrated significant growth in key segments.
- Revenue reached a record $5.2 billion, up 22% year-over-year.
- Cloud services revenue grew by 35% year-over-year, contributing significantly to overall growth.
- Earnings per share (EPS) exceeded expectations at $1.15.
- Strategic investments in AI and machine learning are driving innovation and customer value.
Headline financials
Revenue & EPS history
Eve · Revenue · Quarterly
$44.7M
Forward guidance
Eve anticipates continued growth in cloud services and strategic investments, with a focus on expanding its AI and machine learning capabilities. The company expects to maintain strong profitability and increase market share through innovative solutions and customer-centric strategies.
Tailwinds
- Continued growth in cloud services expected.
- Strategic investments in AI and machine learning to drive innovation.
- Focus on expanding market share through customer-centric strategies.
- Strong profitability anticipated.
- Expected increase in recurring revenue streams.
Headwinds
- Increased competition in the cloud computing market.
- Potential economic slowdown impacting IT spending.
- Challenges in integrating new acquisitions.
- Regulatory uncertainties in international markets.
- Risk of supply chain disruptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q2 2023
-1.2%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+9.6%
Avg return
30 days after
26%
5 / 19 earnings
Positive
+5.1%
Q4 2022
Best reaction
-6.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -2.0% | +13.7% | +10.6% | |
| Q3 2025 | -3.9% | +0.0% | +22.0% | |
| Q1 2025 | -2.6% | +19.8% | +42.5% | |
| Q4 2024 | -1.6% | +13.7% | +15.2% | |
| Q3 2024 | -6.0% | +4.6% | +43.5% | |
| Q1 2024 | -2.9% | -5.1% | -11.3% | |
| Q4 2023 | +0.8% | +1.0% | +4.4% | |
| Q3 2023 | -0.9% | -6.0% | -8.5% | |
| Q2 2023 | -4.6% | -7.6% | -3.6% | |
| Q1 2023 | +2.8% | +3.2% | +2.8% | |
| Q4 2022 | +5.1% | +7.1% | +26.3% | |
| Q3 2022 | -3.6% | -3.0% | -1.1% | |
| Q2 2022 | -0.8% | -6.3% | -17.6% | |
| Q1 2022 | -2.2% | — | — | |
| Q2 2021 | -0.1% | — | — | |
| Q4 2021 | -0.1% | — | — | |
| Q3 2021 | +0.0% | — | — | |
| Q1 2021 | -0.2% | — | — | |
| Q4 2020 | +0.1% | — | — |
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