October 1, 2022
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Zacks: Brokerages Anticipate Embark Technology, Inc. (NASDAQ:EMBK) to Post -$0.11 EPS

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Wall Street brokerages forecast that Embark Technology, Inc. (NASDAQ:EMBK – Get Rating) will announce earnings per share (EPS) of ($0.11) for the current quarter, Zacks reports. Zero analysts have made estimates for Embark Technology’s earnings. The firm is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Embark Technology will report full-year earnings of ($0.50) per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of ($0.65) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Embark Technology.

Embark Technology (NASDAQ:EMBK – Get Rating) last released its quarterly earnings results on Thursday, March 17th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.17).

EMBK has been the subject of a number of research reports. Robert W. Baird cut their price target on shares of Embark Technology from $12.00 to $9.00 in a research note on Friday, March 18th. KeyCorp assumed coverage on shares of Embark Technology in a report on Tuesday, January 11th. They issued a “sector weight” rating for the company. They noted that the move was a valuation call. Finally, Vertical Research assumed coverage on shares of Embark Technology in a report on Tuesday, April 26th. They issued a “buy” rating and a $20.00 price objective for the company.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DNB Asset Management AS purchased a new stake in shares of Embark Technology in the 4th quarter worth about $674,000. Tuttle Capital Management LLC purchased a new stake in shares of Embark Technology during the 4th quarter valued at about $131,000. National Bank of Canada FI purchased a new stake in shares of Embark Technology during the 4th quarter valued at about $90,000. K.J. Harrison & Partners Inc bought a new position in shares of Embark Technology in the 4th quarter worth approximately $2,342,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Embark Technology in the 4th quarter worth approximately $1,900,000.

EMBK stock opened at $5.49 on Monday. Embark Technology has a one year low of $3.01 and a one year high of $10.49. The business has a 50 day moving average of $5.18.

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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