INNOVATE Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for INNOVATE.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Construction earnings growth	28.4%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

Recent updates

INNOVATE Corp.'s (NYSE:VATE) Shares Bounce 81% But Its Business Still Trails The Industry

Jan 22

INNOVATE Corp. (NYSE:VATE) Held Back By Insufficient Growth Even After Shares Climb 81%

Jan 22

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Apr 13

HC2 Holdings Simplification Process Could Lead To Rerate

Feb 01

HC2 to sell clean energy business for $169M

Dec 31

HC2's insurance segment to be acquired by Continued General

Dec 10

The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares

Dec 10

HC2 owner acquires additional shares

Dec 09

HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock

Dec 03

HC2 Holdings appoints CEO

Nov 30

Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?

Nov 26

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as INNOVATE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NYSE:VATE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	1,232	-31	12	29	N/A
6/30/2024	1,365	-23	65	83	N/A
3/31/2024	1,420	-40	58	78	N/A
12/31/2023	1,423	-38	8	27	N/A
9/30/2023	1,471	-35	10	28	N/A
6/30/2023	1,519	-34	-48	-28	N/A
3/31/2023	1,542	-37	-43	-23	N/A
12/31/2022	1,637	-41	-30	-9	N/A
9/30/2022	1,623	-39	-56	-31	N/A
6/30/2022	1,595	-45	-40	-15	N/A
3/31/2022	1,446	-53	-59	-34	N/A
12/31/2021	1,205	-80	3	27	N/A
9/30/2021	988	-88	-69	-51	N/A
6/30/2021	764	-101	-23	-7	N/A
3/31/2021	702	-74	-13	3	N/A
12/31/2020	717	-46	23	41	N/A
9/30/2020	260	-64	83	106	N/A
6/30/2020	517	-46	101	125	N/A
3/31/2020	815	-35	86	112	N/A
12/31/2019	1,077	-18	86	111	N/A
9/30/2019	1,881	-1	263	287	N/A
6/30/2019	1,954	143	386	416	N/A
3/31/2019	1,972	176	341	375	N/A
12/31/2018	1,977	139	302	341	N/A
9/30/2018	1,910	145	67	106	N/A
6/30/2018	1,815	1	N/A	-52	N/A
3/31/2018	1,697	-67	N/A	-25	N/A
12/31/2017	1,634	-50	N/A	7	N/A
9/30/2017	1,630	-108	N/A	61	N/A
6/30/2017	1,636	-109	N/A	50	N/A
3/31/2017	1,617	-89	N/A	95	N/A
12/31/2016	1,558	-105	N/A	79	N/A
9/30/2016	1,465	-51	N/A	58	N/A
6/30/2016	1,329	-52	N/A	66	N/A
3/31/2016	1,251	-65	N/A	38	N/A
12/31/2015	1,121	-40	N/A	-28	N/A
9/30/2015	984	-16	N/A	-17	N/A
6/30/2015	890	-26	N/A	-50	N/A
3/31/2015	706	-18	N/A	-44	N/A
12/31/2014	547	-16	N/A	6	N/A
9/30/2014	375	-41	N/A	-17	N/A
6/30/2014	253	-23	N/A	-5	N/A
3/31/2014	215	-16	N/A	-20	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VATE's forecast earnings growth is above the savings rate (2.6%).

Earnings vs Market: Insufficient data to determine if VATE's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if VATE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if VATE's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if VATE's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if VATE's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/07 23:11
End of Day Share Price	2025/02/07 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

INNOVATE Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sarkis Sherbetchyan	B. Riley Securities, Inc.
Barry Sine	Drexel Hamilton

INNOVATE Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target lowered to US$5.00

Recent updates

INNOVATE Corp. Announces U.S. Food and Drug Administration Approved the MediBeacon TGFR for the Assessment of Kidney Function in Patients with Normal or Impaired Renal Function

INNOVATE Corp.'s (NYSE:VATE) Shares Bounce 81% But Its Business Still Trails The Industry

INNOVATE Corp. (NYSE:VATE) Held Back By Insufficient Growth Even After Shares Climb 81%

New major risk - Share price stability

Interim Chief Executive Officer recently bought US$100k worth of stock

Third quarter 2024 earnings released: US$1.18 loss per share (vs US$0.93 loss in 3Q 2023)

INNOVATE Corp. to Report Q3, 2024 Results on Nov 06, 2024

Interim Chief Executive Officer recently bought US$166k worth of stock

INNOVATE Regains Compliance with NYSE Minimum Price Requirement

Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.14 loss in 2Q 2023)

INNOVATE Corp. to Report Q2, 2024 Results on Aug 07, 2024

New major risk - Shareholder dilution

Independent Chairman of the Board exercised options to buy US$27m worth of stock.

New major risk - Share price stability

First quarter 2024 earnings released: US$0.23 loss per share (vs US$0.13 loss in 1Q 2023)

INNOVATE Corp., Annual General Meeting, Jun 13, 2024

Now 30% overvalued

INNOVATE Corp. to Report Q1, 2024 Results on May 07, 2024

Now 20% overvalued

Now 21% undervalued after recent price drop

Full year 2023 earnings released: US$0.45 loss per share (vs US$0.53 loss in FY 2022)

INNOVATE Corp. has filed a Follow-on Equity Offering in the amount of $19 million.

INNOVATE Receives Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standard Set in Section 802.01C of the NYSE’s Listed Company Manual

INNOVATE Corp. has filed a Follow-on Equity Offering.

INNOVATE Corp. to Report Q4, 2023 Results on Mar 04, 2024

Third quarter 2023 earnings released: US$0.093 loss per share (vs US$0.085 loss in 3Q 2022)

INNOVATE Corp. to Report Q3, 2023 Results on Nov 09, 2023

New minor risk - Market cap size

INNOVATE Corp. to Cease Suzi Herbst as Chief Operating Officer on or Around October 20, 2023

Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.17 loss in 2Q 2022)

Innovate Corp. Announces Chief Executive Officer Changes

INNOVATE Corp. Announces the Demise of Wayne Barr, President and Director

INNOVATE Corp. to Report Q2, 2023 Results on Aug 08, 2023

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation

New major risk - Share price stability

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.18 loss in 1Q 2022)

Full year 2022 earnings released: US$0.53 loss per share (vs US$1.04 loss in FY 2021)

INNOVATE Corp. to Report Q4, 2022 Results on Mar 08, 2023

Best New Idea For 2023: Innovate

Third quarter 2022 earnings released: US$0.085 loss per share (vs US$0.17 loss in 3Q 2021)

INNOVATE Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from NYSE

Innovate GAAP EPS of -$0.09, revenue of $423M

INNOVATE Corp. to Report Q3, 2022 Results on Nov 02, 2022

INNOVATE Corp. Announces Resignation of Joseph Ferraro as Chief Legal Officer

Second quarter 2022 earnings released: US$0.16 loss per share (vs US$0.29 loss in 2Q 2021)

Innovate GAAP EPS of -$0.18, revenue of $392.2M

INNOVATE Corp. Announces Appointment of Amy Wilkinson to the Board of Directors

INNOVATE Corp. to Report Q2, 2022 Results on Aug 03, 2022

INNOVATE Notifies NYSE That the Company Was No Longer in Compliance with Section 303A.07(a) of the NYSE Listed Company Manual

INNOVATE Corp.(NYSE:VATE) dropped from Russell 2000 Dynamic Index

Independent Director recently sold US$67k worth of stock

INNOVATE Corp. Announces Board of Directors Resignations

Independent Chairman of the Board recently bought US$1.1m worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

INNOVATE Corp. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

INNOVATE Corp. to Report Q4, 2021 Results on Mar 09, 2022

INNOVATE Corp. Promotes Suzi Raftery Herbst to Chief Operating Officer of the Company

Third quarter 2021 earnings released: US$0.17 loss per share (vs US$0.38 loss in 3Q 2020)

Breaking Down Innovate's Potential

Second quarter 2021 earnings released: US$0.29 loss per share (vs US$0.098 profit in 2Q 2020)

HC2 Holdings, Inc.(NYSE:HCHC) dropped from Russell Microcap Growth Index

HC2 Holdings: A Granular Assessment

First quarter 2021 earnings released: US$0.51 loss per share (vs US$0.51 loss in 1Q 2020)

HC2 Holdings reports Q1 results

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Chief Financial Officer recently sold US$59k worth of stock

HC2 Holdings, Inc. to Report Q4, 2020 Results on Mar 10, 2021

HC2 Holdings Simplification Process Could Lead To Rerate

New 90-day high: US$4.13

Weigel Broadcasting Co. Inc. completed the acquisition of KAZD-TV, KYAZ-TV, KMOH-TV and a Low-Power Station in Phoenix from HC2 Holdings, Inc. (NYSE:HCHC).

Mercuria Investments US, Inc. entered into a definitive agreement to acquire Beyond6, Inc. from HC2 Holdings, Inc. (NYSE:HCHC) and others for approximately $170 million.

HC2 to sell clean energy business for $169M