Innoviz Technologies Ltd expected to post a loss of 18 cents a share - Earnings Preview

Innoviz Technologies

26/02/2024 14:18

* Innoviz Technologies Ltd  INVZ.OQ   INVZ.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
610.2% increase in revenue to $11.2 million from $1.58 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 18 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 $6.00​, above​ its last closing price
of $1.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.22       -0.22      -0.18     Beat    16.7
 Jun. 30 2023  -0.22       -0.22      -0.23     Missed  -4.5
 Mar. 31 2023  -0.22       -0.22      -0.26     Missed  -18.2​
 Dec. 31 2022  -0.24       -0.24      -0.25     Missed  -5
 ​​Sep.        -0.25       -0.25      -0.25     Met     -1
 30 2022                                                
 Jun. 30 2022  -0.24       -0.25      -0.21     Beat    16​
 Mar. 31 2022  -0.19       -0.18      -0.23     Missed  -25.5
 Dec. 31 2021  -0.17       -0.18      -0.19     Missed  -5.6
 This summary was machine generated February 26 at 14:18 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)