We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for the to-be-reported quarter’s loss and revenues is pegged at 18 cents per share and $2.42 million, respectively.
The loss estimate for the to-be-reported quarter has remained stable over the past 60 days. The Zacks Consensus Estimate for quarterly revenues indicates a huge uptick from the year-ago quarter’s figure of just $0.03 million. In the year-ago quarter, Joby Aviation incurred a loss of 21 cents per share.
Image Source: Zacks Investment Research
For 2025, the Zacks Consensus Estimate for JOBY’s revenues is pegged at $9.64 million compared with just $0.14 million reported a year ago. The consensus mark for 2025 loss per share is currently pegged at 88 cents compared with the loss of 79 cents reported a year ago.
Joby Aviation’s earnings have lagged the Zacks Consensus Estimate in two of the past four quarters, reporting in-line earnings on the other occasions. The average miss is 9.6%.
Our proven model does not conclusively predict an earnings beat for JOBY this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
We expect Joby Aviation’s third-quarter bottom-line performance to have been affected by high operating expenses. Elevated research and development costs, and selling, general and administrative expenses are likely to have pushed up operating costs.
Heavy investments might have also hindered the company’s prospects. With JOBY focusing on the electric vertical takeoff and landing (eVTOL) space, R&D expenses are likely to have been high. Developing the necessary infrastructure and overcoming regulatory roadblocks are all critical hurdles. Moreover, the cost-intensive nature of eVTOL development seeks additional capital, which can pose challenges for companies like Joby Aviation.
JOBY Stock Underperforms Industry & ACHR
JOBY stock has not had an outstanding run on the bourses over the past three months, declining in double-digits and lagging the Zacks Transportation - Airline industry and another eVTOL-focused stock, Archer Aviation (ACHR - Free Report) .
Three-Month Stock Price Comparison
Image Source: Zacks Investment Research
Valuation remains a sticking point. In terms of price-to-book value, JOBY is trading at 15.55X, higher than its industry and peer Archer Aviation. Like Joby Aviation, Archer Aviation also has a Value Score of F.
JOBY’s P/B TTM vs. Industry, & ACHR
Image Source: Zacks Investment Research
How to Play JOBY Pre-Q3 Earnings
The premium valuation reflects confidence in Joby Aviation’s long-term stability, but it also suggests limited near-term upside potential. With the company facing certain risks, like the absence of significant revenues and uncertainties related to commercialization, jumping in now might mean overpaying.
JOBY is aiming to start commercial operations soon. As part of its efforts related to air taxi commercialization, Joby Aviation recently completed the acquisition of Blade Air Mobility’s urban air mobility passenger business. Following the acquisition, Joby Aviation and Uber Technologies (UBER - Free Report) announced plans to bring Blade’s air mobility services to the Uber app by 2026. Joby Aviation and Uber have collaborated on advancing the future of urban air mobility since 2019. In 2021, Joby Aviation acquired Uber’s Elevate division, which was instrumental in shaping the urban air mobility industry and creating key tools for market selection, demand forecasting and multi-modal operations.
While Joby Aviation is making notable progress in the fast-evolving eVTOL space, challenges remain in terms of scalability and public acceptance. Only time will tell how the market and customer demand for eVTOLs will turn out. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns.
In view of the associated risks, it will be prudent for investors to stay away from investing in the stock for now and wait for the upcoming quarterly results to get more clarity on near-term prospects.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JOBY's Q3 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?
Key Takeaways
Joby Aviation (JOBY - Free Report) is scheduled to report third-quarter 2025 results on Nov. 5, after market close.
The Zacks Consensus Estimate for the to-be-reported quarter’s loss and revenues is pegged at 18 cents per share and $2.42 million, respectively.
The loss estimate for the to-be-reported quarter has remained stable over the past 60 days. The Zacks Consensus Estimate for quarterly revenues indicates a huge uptick from the year-ago quarter’s figure of just $0.03 million. In the year-ago quarter, Joby Aviation incurred a loss of 21 cents per share.
For 2025, the Zacks Consensus Estimate for JOBY’s revenues is pegged at $9.64 million compared with just $0.14 million reported a year ago. The consensus mark for 2025 loss per share is currently pegged at 88 cents compared with the loss of 79 cents reported a year ago.
Joby Aviation’s earnings have lagged the Zacks Consensus Estimate in two of the past four quarters, reporting in-line earnings on the other occasions. The average miss is 9.6%.
Joby Aviation Price and EPS Surprise
Joby Aviation price-eps-surprise | Joby Aviation. Quote
Q3 Earnings Whispers for JOBY Stock
Our proven model does not conclusively predict an earnings beat for JOBY this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
JOBY has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Shaping JOBY’s Q3 Results
We expect Joby Aviation’s third-quarter bottom-line performance to have been affected by high operating expenses. Elevated research and development costs, and selling, general and administrative expenses are likely to have pushed up operating costs.
Heavy investments might have also hindered the company’s prospects. With JOBY focusing on the electric vertical takeoff and landing (eVTOL) space, R&D expenses are likely to have been high. Developing the necessary infrastructure and overcoming regulatory roadblocks are all critical hurdles. Moreover, the cost-intensive nature of eVTOL development seeks additional capital, which can pose challenges for companies like Joby Aviation.
JOBY Stock Underperforms Industry & ACHR
JOBY stock has not had an outstanding run on the bourses over the past three months, declining in double-digits and lagging the Zacks Transportation - Airline industry and another eVTOL-focused stock, Archer Aviation (ACHR - Free Report) .
Three-Month Stock Price Comparison
Image Source: Zacks Investment Research
Valuation remains a sticking point. In terms of price-to-book value, JOBY is trading at 15.55X, higher than its industry and peer Archer Aviation. Like Joby Aviation, Archer Aviation also has a Value Score of F.
JOBY’s P/B TTM vs. Industry, & ACHR
How to Play JOBY Pre-Q3 Earnings
The premium valuation reflects confidence in Joby Aviation’s long-term stability, but it also suggests limited near-term upside potential. With the company facing certain risks, like the absence of significant revenues and uncertainties related to commercialization, jumping in now might mean overpaying.
JOBY is aiming to start commercial operations soon. As part of its efforts related to air taxi commercialization, Joby Aviation recently completed the acquisition of Blade Air Mobility’s urban air mobility passenger business. Following the acquisition, Joby Aviation and Uber Technologies (UBER - Free Report) announced plans to bring Blade’s air mobility services to the Uber app by 2026. Joby Aviation and Uber have collaborated on advancing the future of urban air mobility since 2019. In 2021, Joby Aviation acquired Uber’s Elevate division, which was instrumental in shaping the urban air mobility industry and creating key tools for market selection, demand forecasting and multi-modal operations.
While Joby Aviation is making notable progress in the fast-evolving eVTOL space, challenges remain in terms of scalability and public acceptance. Only time will tell how the market and customer demand for eVTOLs will turn out. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns.
In view of the associated risks, it will be prudent for investors to stay away from investing in the stock for now and wait for the upcoming quarterly results to get more clarity on near-term prospects.