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

Innovid

07/05/2024 14:52

* Innovid Corp  CTV.N  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -5
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 -2 cents to -1 cents per share.
    * Revenue rose 20.5% to $36.74 million from a year ago;
analysts
expected $35.00 million. 
    * Innovid Corp's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $6.23 million.
    * Innovid Corp shares had fallen by 9.6% this quarter and
gained 50.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40% 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
$2.25 
This summary was machine generated from LSEG data May 7 at 01:51
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
 Mar. 31 2024      -0.01          -0.04          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