Innoviz Technologies Ltd reports results for the quarter ended in December - Earnings Summary

Innoviz Technologies

01/03/2023 14:33

* Innoviz Technologies Ltd  INVZ.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in December.
The mean expectation of five analysts for the quarter was for a
loss of 24 cents per share.
    * Revenue fell 4.7% to $1.58 million from a year ago;
analysts
expected $2.33 million. 
    * Innoviz Technologies Ltd's reported EPS for the quarter
was a
loss of 25 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Innoviz Technologies Ltd shares had risen by 20.9% this
quarter.
    * The company reported a quarterly loss of $34.32 million.
    * Wall Street's median 12-month price target for Innoviz
Technologies Ltd is $10.00 
    * 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." 

This summary was machine generated from Refinitiv data March 1
at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.24          -0.25          Missed
 Sep. 30 2022      -0.25          -0.25          Met
 Jun. 30 2022      -0.25          -0.21          Beat
 Mar. 31 2022      -0.18          -0.23          Missed