Inseego Corp expected to post a loss of 3 cents a share - Earnings Preview

Inseego

01/08/2023 02:03

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 2. 
    * The San Diego California-based  company is expected to
report  a
16.3% decrease in revenue to $51.755 million from $61.86 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Inseego Corp is for
a
loss of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Inseego
Corp is
$1.5​, above​ its last closing price of $0.77. ​​​

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  -0.08       -0.08      -0.02     Beat    73.8
 Dec. 31 2023  -0.10       -0.09      -0.11     Missed  -15.8
 Sep. 30 2022  -0.08       -0.08      -0.11     Missed  -37.5​
 Jun. 30 2022  -0.11       -0.11      -0.09     Beat    18.7
 ​​Mar.        -0.10       -0.10      -0.11     Missed  -13.8
 31 2022                                                
 Dec. 31 2021  -0.06       -0.06      -0.08     Missed  -33.3​
 Sep. 30 2021  -0.07       -0.07      -0.08     Missed  -10.3
 Jun. 30 2021  -0.08       -0.08      -0.07     Beat    15.9
 This summary was machine generated August 1 at 01:03 GMT.  All
figures in US dollars  unless otherwise stated