Inseego Corp expected to post a loss of 48 cents a share - Earnings Preview

Inseego

19/02/2024 21:16

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The San Diego California-based  company is expected to
report a
23.3% decrease in revenue to $40.574 million from $52.92 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on November 2 2023,
for the period ended December 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 48 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
$2.50​, below​ its last closing price of $3.39. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD40 million and USD2
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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​
 Dec. 31 2022  -0.95       -0.95      -1.10     Missed  -15.8
 ​​Sep.        -0.76       -0.80      -1.10     Missed  -37.5
 30 2022                                                
 Jun. 30 2022  -1.11       -1.11      -0.90     Beat    18.7​
 Mar. 31 2022  -0.96       -0.97      -1.10     Missed  -13.8
 Dec. 31 2021  -0.55       -0.60      -0.80     Missed  -33.3
 This summary was machine generated February 19 at 21:16 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)