Innoviz Technologies Ltd expected to post a loss of 15 cents a share - Earnings Preview

Innoviz Technologies

06/05/2024 18:22

* Innoviz Technologies Ltd  INVZ.OQ   INVZ.O  is expected
to show
a rise in quarterly revenue when it reports  results on May 8
for the period ending March 31 2024
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
454.5% increase in revenue to $5.6 million from $1.01 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Innoviz Technologies Ltd
is
for a loss of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Innoviz
Technologies Ltd is $3.63​, above​ its last closing price
of $1.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.18       -0.18      -0.18     Met     2.2
 Sep. 30 2023  -0.22       -0.22      -0.18     Beat    16.7
 Jan. 1 0001   -0.22       -0.22      -0.23     Missed  -4.5​
 Mar. 31 2023  -0.22       -0.22      -0.26     Missed  -18.2
 ​​Dec.        -0.24       -0.24      -0.25     Missed  -5
 31 2022                                                
 Sep. 30 2022  -0.25       -0.25      -0.25     Met     -1​
 Jan. 1 0001   -0.24       -0.25      -0.21     Beat    16
 Mar. 31 2022  -0.19       -0.18      -0.23     Missed  -25.5
 This summary was machine generated May 6 at 17:22 GMT.  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)