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

Inseego

06/08/2024 03:08

* Inseego Corp  INSG.OQ   INSG.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The San Diego California-based  company is expected to
report a
0.2% increase in revenue to $53.647 million from $53.56 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $52.00 million and
$56.00 million.
    * ​LSEG's mean analyst estimate for Inseego Corp is for
earnings
of 8 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
$12.00​, above​ its last closing price of $8.53. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD52 million and USD7.5 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  
 Mar. 31 2024  -0.47       -0.47      -0.31     Beat    33.6
 Dec. 31 2024  -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.        -0.77       -0.76      -0.20     Beat    73.8
 31 2023                                                
 Dec. 31 2022  -0.95       -0.95      -1.10     Missed  -15.8​
 Sep. 30 2022  -0.76       -0.80      -1.10     Missed  -37.5
 Jun. 30 2022  -1.11       -1.11      -0.90     Beat    18.7
 This summary was machine generated August 6 at 02:07 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)