Inseego Corp expected to post a loss of 7 cents a share - Earnings Preview

Inseego

02/11/2021 02:07

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a fall in
quarterly revenue when it reports  results on November 3. 
* The San Diego, California-based company is expected to report 
a 27.4% decrease in revenue to $65.523 million from $90.24
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Inseego Corp is for a
loss of 7 cents per share. For the same quarter last year, the
company reported earnings of 1 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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
$9​, about 27.4% above​ its last closing price of $6.53. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   -0.08       -0.08      -0.07     Beat    15.9
 Mar. 312021   -0.10       -0.10      -0.08     Beat    16.7
 Dec. 312020   -0.01       0.00       -0.07     Missed  -3,600
                                                        ​
 Sep. 302020   -0.01       -0.01      0.01      Beat    266.7
 ​​Jun.        -0.01       -0.01      -0.01     Met     16.7
 302020                                                 
 Mar. 312020   -0.08       -0.08      -0.06     Beat    25.5​
 Dec. 312019               -0.08      -0.10     Missed  -31.6
 Sep. 302019   -0.03       -0.03      -0.04     Missed  -42.9
 This summary was machine generated November 2 at 02:07 GMT.  All
figures in US dollars unless otherwise stated