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

Innoviz Technologies

17/05/2023 14:31

* Innoviz Technologies Ltd  INVZ.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in March. The
mean expectation of five analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue fell 43.1% to $1.01 million from a year ago;
analysts
expected $1.50 million. 
    * Innoviz Technologies Ltd's reported EPS for the quarter
was a
loss of 26 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
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 fallen by 22.3% this
quarter and lost 30.8% so far this year.
    * The company reported a quarterly loss of $34.8 million.
    * Wall Street's median 12-month price target for Innoviz
Technologies Ltd is $7.00 
    * 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 LSEG Refinitiv data May
17 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.22          -0.26          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