Inseego Corp expected to post a loss of 8 cents a share - Earnings Preview

Inseego

03/08/2021 24:00

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a fall in
quarterly revenue when it reports results on August 4. 
* The San Diego, California-based company is expected to report 
 a 28.3% decrease in revenue to $57.82 million from $80.69
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Inseego Corp is for a
loss of 8 cents per share. For the same quarter last year, the
company reported a loss 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," 5
"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 3.9% above​ its last closing price of $8.65. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.10       -0.10      -0.08     Beat    16.7
 Dec. 31 2020  -0.01       0.00       -0.07     Missed  -3,600
 Sep. 30 2020  -0.01       -0.01      0.01      Beat    266.7​
 Jun. 30 2020  -0.01       -0.01      -0.01     Met     16.7
 Mar.          -0.08​      -0.08      -0.06     Beat    25.5​
 31​ 2020​                                              
 Dec. 31 2019              -0.08      -0.10     Missed  -31.6​
 Sep. 30 2019  -0.03       -0.03      -0.04     Missed  -42.9
 Jun. 30 2019  -0.01       -0.01      -0.03     Missed  -114.3
 This summary was machine generated August 2 at 23:00 GMT.  All
figures in US dollars unless otherwise stated