Innovid Corp reports results for the quarter - Earnings Summary

Innovid

12/11/2024 15:36

* Innovid Corp  CTV.N  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of -1 cents.  The mean
expectation of three analysts for the quarter was for breakeven
results per share. Wall Street expected results to range from -1
cents tozero cents per share.
    * Revenue rose 5.6% to $38.25 million from a year ago;
analysts
expected $41.00 million. 
    * Innovid Corp's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $4.67
million.
    * Innovid Corp shares had risen by 7.2% this quarter and
gained 28.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Innovid Corp is
3.00 
This summary was machine generated from LSEG data November 12 at
03:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.00           0.03           Beat
 Jun. 30 2024      -0.01          -0.07          Missed
 Mar. 31 2024      -0.02          -0.04          Missed
 Dec. 31 2023      -0.01          0.00           Beat