Innoviz Technologies Ltd expected to post a loss of 22 cents a share - Earnings Preview

Innoviz Technologies

31/07/2023 19:35

* Innoviz Technologies Ltd  INVZ.OQ   INVZ.O  is expected
to show
a fall in quarterly revenue when it reports  results on August
2. 
    * The Rosh Ha'ayin Israel-based   company is expected to
report  a
41.0% decrease in revenue to $1.06 million from $1.8 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Innoviz
Technologies Ltd
is for a loss of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $7​, above​ its last closing price of $3.41.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.22       -0.22      -0.26     Missed  -18.2
 Dec. 31 2023  -0.24       -0.24      -0.25     Missed  -5
 Sep. 30 2022  -0.25       -0.25      -0.25     Met     -1​
 Jun. 30 2022  -0.24       -0.25      -0.21     Beat    16
 ​​Mar.        -0.19       -0.18      -0.23     Missed  -25.5
 31 2022                                                
 Dec. 31 2021  -0.17       -0.18      -0.19     Missed  -5.6​
 Sep. 30 2021  -0.15       -0.15      -0.20     Missed  -33.3
 Jun. 30 2021  -0.16       -0.16      -0.73     Missed  -356.2
 This summary was machine generated July 31 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated