Inseego Corp expected to post earnings of 1 cent a share - Earnings Preview

Inseego

17/02/2025 21:49

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 19 for
the period ending December 31 2024
    * The San Diego California-based  company is expected to
report a
6.6% increase in revenue to $45.567 million from $42.75 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on November 12 2024,
for the period ended December 31, was for revenue between $43.00
million and $47.00 million.
    * ​LSEG's mean analyst estimate for Inseego Corp is for
earnings
of 1 cent per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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
$15.00​, above​ its last closing price of $12.91. ​​​

The company's guidance on November 12 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD43 million and USD4
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 2024  0.11        0.11       0.81      Beat    636.4
 Jun. 30 2024  0.09        0.08       0.09      Beat    12.5
 Mar. 31 2024  -0.47       -0.47      -0.31     Beat    33.6​
 Dec. 31 2023  -0.47       -0.48      -0.46     Beat    4.2
 ​​Sep.        -0.20       -0.20      -1.60     Missed  -700
 30 2023                                                
 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
 This summary was machine generated February 17 at 21:49 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)