Archer Aviation Inc. (NYSE:ACHR) shares are rising Monday ahead of its third-quarter earnings report, scheduled for release after the market close.
- Archer Aviation stock is charging ahead with explosive momentum. What’s driving ACHR stock higher?
Archer Aviation Stock Rises Ahead of Earnings
Archer Aviation shares are climbing before the electric air taxi maker releases its third-quarter results after the close, as traders position for the report. Wall Street projects a 32-cent loss per share and $3.57 million in revenue.
That revenue forecast is lower than the $5 million Archer posted last quarter. In the second quarter, sales topped the roughly $1.96 million analysts predicted, and the 34-cent loss per share landed right on forecasts.
Archer’s adjusted EBITDA loss reached $177.10 million that quarter, and the company held about $1.56 billion in liquidity from cash plus short-term holdings. The company also projected a shortfall on that same adjusted basis between $170 million and $200 million for the third quarter.
Last quarter’s report centered on a push beyond air taxis. CEO Adam Goldstein called it “an important inflection point for Archer,” pointing to deals to buy three Boeing units, Wisk, Insitu and SkyGrid, plus new Halo, ZEE and ACES offerings. Goldstein described a broader strategy that covers air taxis, unmanned aircraft and AI, aimed at aerospace and defense.
What a Beat or Miss Would Mean for Archer
If Archer loses less than 32 cents a share, it did better than analysts expected, and a bigger loss would mean it burned more cash than forecast. Revenue above $3.57 million would signal sales running ahead of forecasts, as in the second quarter, while anything below would signal a shortfall.
Investors may also compare the figure with the $5 million posted last quarter, since the estimate implies a lower number this time.
ACHR Shares Are Moving Higher
ACHR Price Action: Archer shares were up 4.95% at $4.66 at the time of publication on Monday, according to Benzinga Pro.
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