Innovid Corp reports results for the quarter ended in December - Earnings Summary

Innovid

27/02/2024 17:55

* Innovid Corp  CTV.N  reported quarterly breakeven
results​​ per
share for the quarter ended in December, higher than the same
quarter last year, when the company reported EPS of -3 cents. 
The mean expectation of three analysts for the quarter was for a
loss of one cent per share. Wall Street expected results to
range from -3 cents to 1 cents per share.
    * Revenue rose 14.6% to $38.62 million from a year ago;
analysts
expected $36.20 million. 
    * Innovid Corp's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $1.66 million.
    * Innovid Corp shares had risen by 16.0% this quarter.

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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Innovid
Corp is
$2.63 

This summary was machine generated from LSEG data February 27 at
05:54 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
 Dec. 31 2023      -0.01          0.00           Beat
 Sep. 30 2023      -0.01          -0.01          Met
 Jun. 30 2023      -0.03          -0.13          Missed
 Mar. 31 2023      -0.05          -0.05          Met