Inseego Corp expected to post a loss of 47 cents a share - Earnings Preview

Inseego

08/05/2024 03:04

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
18.5% decrease in revenue to $41.411 million from $50.79 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on February 21 2024,
for the period ended March 31, was for revenue between $40.00
million and $42.00 million.
    * ​LSEG's mean analyst estimate for Inseego Corp is for a
loss
of 47 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
$3.50​, below​ its last closing price of $3.81. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD40 million and USD3 million.The
company's guidance on February 21 2024 for the period ended
March 31 was for gross profit margin between USD30.4% and
USD30.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.47       -0.48      -0.46     Beat    4.2
 Sep. 30 2023  -0.20       -0.20      -1.60     Missed  -700
 Jun. 30 2023  -0.33       -0.33      -0.20     Beat    40​
 Mar. 31 2023  -0.77       -0.76      -0.20     Beat    73.8
 ​​Jan.        -0.95       -0.95      -1.10     Missed  -15.8
 1 0001                                                 
 Sep. 30 2022  -0.76       -0.80      -1.10     Missed  -37.5​
 Jun. 30 2022  -1.11       -1.11      -0.90     Beat    18.7
 Mar. 31 2022  -0.96       -0.97      -1.10     Missed  -13.8
 This summary was machine generated May 8 at 02:03 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)