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

Innovid

09/05/2023 15:11

* Innovid Corp  CTV.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 5 cents per share.
    * Revenue rose 17.9% to $30.49 million from a year ago;
analysts
expected $29.10 million. 
    * Innovid Corp's reported EPS for the quarter was a loss
of 6
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Innovid Corp shares had fallen by 33.2% this quarter and
lost 44.9% so far this year.
    * The company reported a quarterly loss of $8.56 million.
    * Wall Street's median 12-month price target for Innovid
Corp is
$2.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 02:11 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.05          -0.05          Met
 Dec. 31 2022      -0.02          -0.03          Missed
 Sep. 30 2022      -0.05          -0.09          Missed
 Jun. 30 2022      -0.03          0.03           Beat